Categories: Uncategorized

India emerges as Sri Lanka’s largest bilateral lender overtaking China

India becomes the largest bilateral lender for Sri Lanka and overtakes China. In four months of 2022, India has provided a total of 968 million US Dollars in loans to Sri Lanka. China has been the largest bilateral lender to Sri Lanka for the past five years from 2017-2021.

Bank Maha Pack includes Live Batches, Test Series, Video Lectures & eBooks

Key Points related to Bilateral Lender of Sri Lanka

  • Asian Development Bank (ADB) has been the largest bilateral lender in the past five years.
  • In 2021, a total of 610 million dollars were provided to Sri Lanka by the Asian Development Bank (ADB).
  • India has provided 4 billion dollars in food and financial assistance to Sri Lanka.
  • India handed 21,000 tonnes of fertilizers to Sri Lanka on August 2022.
  • Since the beginning of 2022, Sri Lanka is suffering from an economic crisis and the default of the government has made the situation worse.
  • The Country is indebted to foreign loans and is battling severe food and fuel scarcity.
  • The economic crisis has affected a large number of people in the country.

Recent Posts

What was the Old Name of Goa? Know About It

Goa is a small state on the western coast of India, famous for its beaches,…

14 hours ago

Top-10 Most Searched Words in 2025, Check the List

Every year, people around the world search for words that show what interests them the…

15 hours ago

Deepinder Goyal Tops Hurun Rich List 2025 for India’s Self-Made Entrepreneurs

The Hurun Rich List 2025 has once again highlighted India’s dynamic startup and business ecosystem.…

16 hours ago

Indian Team Bags Global Top Honour at NASA Space Apps Challenge

India’s innovation ecosystem has received global recognition as an Indian satellite internet concept emerged as…

16 hours ago

India’s Net Direct Tax Collections Rise 8% to ₹17.05 Lakh Crore Till December 17

India’s fiscal position showed resilience in the current financial year as net direct tax collections…

16 hours ago

What is SabhaSaar Initiative? Features, Significance, and Latest Update

Recently, the Union Minister informed the Rajya Sabha about the progress and impact of the…

16 hours ago