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Newsline: China’s ambassador says Sri Lanka seeks $2.5 billion in loans

China’s ambassador to Sri Lanka said his country is considering up to $2.5 billion in fresh assistance to the South Asian nation, the latest efforts to firm up finances as it struggles with a worsening economic crisis. (https://www.bloomberg.com/news/articles/2022-03-21/sri-lanka-seeking-1-5-billion-facility-chinese-ambassador-says) The development comes one week after Sri Lanka started talks with International Monetary Fund for a potential aid package as its foreign exchange reserves shrink and it struggles to import basic goods.

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