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India Extends Debt Restructuring Support to Sri Lanka and Zambia

Original: India’s Debt Restructuring Support to Sri Lanka and Zambia (2024): Development Diplomacy and Sustainable Economic Recovery

India has provided debt restructuring support to Sri Lanka and Zambia in 2024, framing the moves as development diplomacy aimed at sustainable economic recovery in both countries. Analysts highlight this as part of India's broader effort to position itself as a partner for nations facing debt distress, particularly in the Global South. The case studies examine how New Delhi balances economic interest with strategic influence across the Indian Ocean region and Africa.

Why now: Debt distress in developing economies and India's growing diplomatic role are drawing attention to how creditor nations shape recovery outcomes.

IndiaSri LankaZambiaIMPRI Impact and Policy Research Institute

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