China said to back Sri Lanka debt plan, paving way for IMF loan -Bloomberg News

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China said to back Sri Lanka debt plan, paving way for IMF loan -Bloomberg News
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China has given assurances that it will support Sri Lanka's debt restructuring, clearing a hurdle for the country to secure an International Monetary Fund (IMF) bailout worth $2.9 billion, Bloomberg News reported on Tuesday, citing people familiar with the situation.

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