India emerges as top lender to Sri Lanka in first four months of 2022

India emerges as top lender to Sri Lanka in first four months of 2022

Daily Current Affairs / India emerges as top lender to Sri Lanka in first four months of 2022

Change Language English Hindi

Category : Business and economics Published on: July 20 2022

Share on facebook

India has emerged as the top lender to Sri Lanka, extending USD 376.9 million worth credit compared to USD 67.9 million by China in the first four months of this year to rescue the island nation from the unprecedented political crisis and economic turmoil.
India's disbursements of foreign loans and grants from January 1 to April 30, 2022 were 376.9 USD million compared to China which was only 67.9 USD million.
The Asian Development Bank (ADB) used to be the second largest lender in this period.
India also emerged as the first responder under Prime Minister Narendra Modi's neighbourhood first policy when Sri Lanka was left alone by its so-called benefactors for funding support.

Recent Post's

Union Home Minister Shri Amit Shah will launch the BHARATPOL portal developed by CBI on January 07, 2025, in New Delhi.
Read More....
India's rising squash star Anahat Singh won the U-17 title at the British Junior Open in Birmingham on 06 January 2025 by defeating Malika El Caracsi of Egypt.
Read More....
Union Minister Giriraj Singh inaugurates the new permanent campus of IIHT in Phulia.
Read More....
The central government has appointed 8 IPS officers from the Uttarakhand cadre to key positions for 2024-25, including Neeru Garg as the Director General of the Bureau of Police Research and Development (BPR&D).
Read More....
Odisha Chief Minister Mohan Charan Majhi inaugurated the annual 'Adivasi Mela' and launched the 'Shaheed Madho Singh Haath Kharcha Yojana' aimed at addressing the problem of dropouts of tribal students.
Read More....
At the 2025 Golden Globe Awards, films and shows like 'Emilia Pérez,' 'The Brutalist,' 'Shogun,' 'Hack,' and 'Baby Reindeer' won major awards in categories such as Best Motion Picture - Drama, Best Director, and Best Actor.
Read More....
Justin Trudeau has announced his resignation as the Prime Minister of Canada.
Read More....
Sumariwalla's reign as AFI chief to end, former shot putter Bahadur Sagoo to replace him.
Read More....
Union Industries Minister H.D. Kumaraswamy launches PLI Scheme 1.1 for special steel.
Read More....
R. Chidambaram, the doyen of India’s nuclear programme, passes away at the age of 88.
Read More....