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China confirms offer to Sri Lanka of debt moratorium

FILE - A vender waits for customers at a vegetable market place in Colombo, Sri Lanka, Friday, June 10, 2022. China’s government on Friday, Feb. 2, 2023, confirmed it is offering Sri Lanka a two-year moratorium on loan repayment as the Indian Ocean island nation struggles to restructure $51 billion in foreign debt that pushed it into a financial crisis. (AP Photo/Eranga Jayawardena)

China confirms offer to Sri Lanka of debt moratorium