The Sri Lankan government has received $1.9bn worth of loan commitments from other countries, with China leading the way.
China has committed $517mn up to September this year, with Japan committing $421.5mn, Asian Development Bank £371.2mn, World Bank $196.4mn, The UK $103.7mn and the US $64.9mn, according to LBO.
China supplies long-term loans on higher interest, semi-commercial terms, while Japan, the World Bank and the Asian Development Bank give the loans at low interest rates.
Overall Sri Lanka has $1.9bn of commitments from China, $1.5bn from Japan, $1.2bn from ADB, $730mn from the World Bank, $680.7mn from India, $434mn from Iran and $235.4mn from Russia.
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