China paves Sri Lanka's way to IMF funds, but debt talks remain uncertain
China's pledge to support Sri Lanka's debt reorganization, a major step for the island nation in securing an IMF lifeline, provides little clarity on how negotiations will unfold or whether this could herald progress for other heavily indebted nations.
Analysts remain cautious on how significant China's new commitment will be for the country, whose 22 million people urgently need funds from the 2.9 billion US dollar International Monetary Fund programme amid shortages of food, fuel and medicines.
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