Sri Lanka secured foreign loans valued at $1.1 billion, including from the governments of Japan and India, for projects ranging from road development to electricity transmission, the island’s information department said on its website.
The loans also include $500 million from China Development Bank Corp., $17.6 million from the Asian Development Bank and $38 million from the World Bank, it said.To contact the reporter on this story: Anusha Ondaatjie in Colombo at anushao@bloomberg.net
To contact the editor responsible for this story: Hari Govind at hgovind@bloomberg.net
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