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Sri+Lanka+gets+US%242.5bn+dollars+in+China+financing
Sunday, 24 June 2012 - 12:40
Sri Lanka gets US$2.5bn dollars in China financing
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Sri Lanka has notched up 2.53 billion US dollars in funding from China, since 2007 and 1,205 billion US dollars 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.

The finance ministry's annual report said The Export Import Bank of China was the top lender followed by China Development Bank and the Industrial and Commercial Bank of China Grants and interest free loans are given by the Chinese government.

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