Debt-trap: China's loans to Sri Lanka are not driven by ...
By 2018, Sri Lanka's debt to China stood at five billion dollars in total. By reaching out to China for help, Colombo seems to be ditching the International Monetary Fund, marking a major shift. In the last 55 years, Sri Lanka has reached out to the IMF 16 times for a bailout. But Sri Lanka has completed only 9 out of 16 IMF programmes.