The event was intended to inject new momentum into Sri Lanka’s debt talks, which are caught in a standoff between China and other lenders. China’s absence from the Sri Lankan debt restructuring meeting in Washington in April indicates growing frustration over Beijing’s approach to the debt problems faced by developing countries, the invitation extended to the Chinese delegation for the debt restructuring meeting, specifically to discuss Sri Lanka’s Chinese loans, went unanswered as China chose not to attend. This non-participation conveyed a clear message that China was not inclined to engage in loan negotiations and expressed frustration with the sluggish progress of debt restructuring. Is China drifting away from Washington ?
