News Snapshot:
BEIJING: China on Tuesday reiterated that it is doing its "utmost" to provide assistance to debt-ridden Sri Lanka , even as Beijing maintained a steady silence on Colombo's request for debt rescheduling as well as extending the promised $2.5 billion assistance. Saddled with a huge forex crisis, Sri Lanka on Tuesday suspended servicing external public debt pending the completion of its discussions with the International Monetary Fund (IMF) and the preparation of a comprehensive debt restructuring program covering the obligations. The policy shall be in effect for all international bonds, all bilateral loans excluding swaps between the Central Bank and...
