Here are the top 5 creditors of Sri Lanka:
1. International market borrowings (47%) - Issued in USD.
2. Asian Development Bank (13%) - Headed by Japan.
3. China (10%)
4. Japan (10%)
5. World Bank (9%) - Headed by the US.
It is very obvious that the US and Japan created the debt trap in Sri Lanka. Therefore, the US and Japan must take a heavy hairline cut to help Sri Lanka.