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China+remains+Sri+Lanka%E2%80%99s+biggest+funder+in+Jan-April+2016
Monday, 04 July 2016 - 6:44
China remains Sri Lanka’s biggest funder in Jan-April 2016
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The Finance Ministry says, foreign lenders committed 855.4 million US dollars, to fund development projects in Sri Lanka during the first four months in 2016.

It said in its mid-year fiscal position report, that China has remained the biggest source, accounting for over half the funding.

This was through 8 loan agreements for 727.5 million US dollars and 9 grant agreements for 127.9 US dollars from foreign governments and lending agencies.

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