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SL gets most loans and grants from China
Monday, 25 June 2012 - 08:09 AM

 

 

A finance ministry report said Sri Lanka has notched up 2.53 billion US dollars in funding from China, since 2007 and 1,205 billion US dollars was already disbursed into roads, power, ports and airports.

 

In 2011 China has committed 785 million US dollars in new financing, up from 635 million US dollars in 2010.

 

China has committed about 2.1 billion US dollars in loans and 24 million dollars in grants.

 

Over the last five years China has emerged as the top source of new loans.





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