Sri Lanka signed a deal with Japan Friday to restructure $2.5 billion in loans, marking the first agreement with bilateral creditors who had pledged debt relief to the cash-strapped nation last year.

While Japan is Sri Lanka's largest creditor, about 10% of its debt is held by China, which lent Colombo billions to build sea ports, airports and power plants as part of its Belt and Road Initiative.

Totachi Industrial Pte. Ltd., a world-renowned leader in premium Japanese lubricants and automotive solutions, proudly hosted ...

COLOMBO (Reuters) - Japan will resume funding for all stalled projects in Sri Lanka, Tokyo's envoy there said on Wednesday, the first such announcement since the island nation finalised a $10 ...

While Japan is Sri Lanka's largest creditor, about 10% of its debt is held by China, which lent Colombo billions to build seaports, airports and power plants as part of its Belt and Road Initiative.

Japan, one of Sri Lanka's main creditors, will back the South Asian nation as it seeks to restructure about $30 billion of its foreign debt and find a way out of a crippling economic crisis, Tokyo ...

Foreign Minister Yoko Kamikawa on Tuesday praised Sri Lanka's recent efforts to address its economic crisis and debt restructuring, following the South Asian country's agreement with creditor nations, ...

COLOMBO, Sri Lanka — Japan’s Foreign Minister Yoshimasa Hayashi said Saturday that Sri Lanka is a key partner in a Tokyo-led initiative aimed at building security and economic cooperation ...

Japanese foreign minister Yoshimasa Hayashi, left, shakes hands with his Sri Lankan counterpart Ali Sabry after their meeting in Colombo, Sri Lanka on Saturday, July 29, 2023. (AP Photo/Eranga ...

While Japan is Sri Lanka's largest creditor, about 10% of its debt is held by China, which lent Colombo billions to build sea ports, airports and power plants as part of its Belt and Road Initiative.

Japan’s Foreign Minister Yoshimasa Hayashi says that Sri Lanka's strategic location in the Indian Ocean makes it a key partner in realizing a free and open Indo-Pacific.