*
China offers debt service relief in 2022, 2023
*
Sri Lanka sources unclear if China letter will be enough for IMF
*
Broad agreement between IMF, China on Zambia could provide clues
(Adds IMF spokesperson, source)
By Devjyot Ghoshal and Uditha Jayasinghe
NEW DELHI/COLOMBO, Jan 24 (Reuters) – The Export-Import Bank of China has offered Sri Lanka a two-year moratorium on its debt and said it would support the country’s efforts to secure a $2.9 billion loan from the International Monetary Fund, according to a letter reviewed by Reuters.
Regional rivals China and India are the biggest bilateral lenders to Sri Lanka, a country of 22 million people that is facing its worst economic crisis in seven decades.
India wrote to the IMF earlier th…
Read the full article at: https://finance.yahoo.com/news/4-china-offers-sri-lanka-090001076.html