18
Jul
India emerged as the pinnacle lender to Sri Lanka during the first four months of this year, extending credit really worth $376.9 million, in contrast to $67.9 million from China, as the island country grapples with its worst financial crisis. A scarcity of foreign exchange has left Sri Lanka struggling to pay for imports of food, medication and energy for its populace of 22 million people. Last month, the usa defaulted on foreign debt and inflation has multiplied with the aid of about 50%. The scenario precipitated big protests that led to the resignation of President Gotabaya Rajapaksa. India topped…