India emerges as Sri Lanka’s largest bilateral lender

India emerges as Sri Lanka’s largest bilateral lender: India has overtaken China to emerge as the largest bilateral lender for Sri Lanka.

September 2022 Current Affairs Quiz

India has provided a total of 968 million US dollars in loans to Sri Lanka in four months of 2022. In the past five years from 2017-2021, China has been the largest bilateral lender to Sri Lanka. Asian Development Bank (ADB) has been the largest multilateral lender in the past five years and disbursed funds amounting to 610 million dollars in 2021.