2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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As of 2022, which country is the largest bilateral lender to Sri Lanka?
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China
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India
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Australia
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USA
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Explanation:
Detailed explanation-1: -Regional rivals China and India are the biggest bilateral lenders to Sri Lanka, a country of 22 million people that is facing its worst economic crisis in seven decades.
Detailed explanation-2: -India has become Sri Lanka’s biggest lender in 2022, providing the island nation with loans of USD 377 million as it battled an unprecedented political crisis and economic unrest, as per the Verite Research think tank. India is followed by the Asian Development Bank (ADB) with loans totalling USD 360 million.
Detailed explanation-3: -India’s top lender SBI aims to achieve double-digit deposit growth.
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