India overtakes China as largest bilateral lender in early 2022
India has become the largest bilateral lender to Sri Lanka during the first 04 months in 2022, overtaking China which was the largest bilateral lender to the island nation for the last 05 years, publicfinance.lk reports.
In the first four months of 2022 a total of USD 968 MN has been disbursed. The largest bilateral lender in this period was India. Disbursements from India (USD 377 Mn) and ADB ( USD 360 Mn ) account for 76% of total disbursements in the first four months of 2022, it adds.