COLOMBO: The US International Development Finance Corporation (DFC) said it will provide US$553 million in financing for a Colombo port terminal project, partly owned by India's Adani Group,
Traffic moves past the logo of the Adani Group installed at a roundabout on the ring road in Ahmedabad, India on Feb 2, 2023.
India extended about US$4 billion in swaps and credit lines to Sri Lanka last year, providing critical support to import fuel, medicine and fertiliser during the worst of the crisis.
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