$968m in 4 months: India pips China to be top Lanka lender

With a total of $968 million in loans in four months of 2022, India has emerged as Sri Lanka’s largest bilateral lender, overtaking China in the process, a media report said. In the past five years from 2017-2021, China has been the largest bilateral lender to Sri Lanka as China disbursed $947 million, out of which $809 million was obtained as market borrowings from the China Development Bank.