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India overtakes China to become largest lender of Sri Lanka

Colombo [Sri Lanka], September 18 (ANI): With a total of USD 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 USD 947 million, out of which USD 809 million was obtained as market borrowings from the Ch