Which nation will be Sri Lanka's largest bilateral lender as of 2022?
India.
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By disbursing a total of USD 968 million in loans in the first four months of 2022, India overtook China to take the top spot as the largest bilateral lender to Sri Lanka. Between 2017 and 2021, China remained Sri Lanka's largest bilateral lender, a position it has held ever since. The Asian Development Bank (ADB), which will disburse USD 610 million in 2021, will be the largest multilateral lender in the previous five years.
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