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Sri Lanka, Adani Group
US development agency 'assessing ramifications' on Adani's Sri Lanka project
The U.S. International Development Finance Corp last November said it would provide $553 million in financing for the port terminal project in Colombo, the capital of Sri Lanka. The project is partly owned by the Adani Group.
US Agency Still Reviewing Funding Adani’s Sri Lanka Project
Sign up here.A US agency that agreed to lend more than $500 million to an Adani Group-backed port development in Sri Lanka said it’s still conducting due diligence on the project, following bribery allegations against the conglomerate’s billionaire founder and other top executives.
US agency reviews $550 mn loan to Sri Lankan Port amid Adani bribery allegations
The U.S. International Development Finance Corporation is evaluating the implications of recent bribery allegations against Gautam Adani, founder of the Adani Group, on its prior commitment to lend over $550 million for a port development project in Sri Lanka.
US agency conducting due diligence on Adani's Sri Lanka project, Bloomberg reports
A U.S. agency that agreed to lend more than $500 million to a Sri Lanka port development backed by the Adani Group said it is still conducting due diligence on the project in the wake of bribery allegations against the group's billionaire founder Gautam Adani and other top executives,
Adani's Sri Lanka port project under US scrutiny amid bribery allegations
The US International Development Finance Corporation last November said it would provide USD 553 million in financing for the port terminal project in Colombo, partly owned by the Adani Group.
Adani's Colombo Port Project under scrutiny amid Sri Lanka's shift in stance
Despite a recent indictment against Adani Group, the Sri Lankan government is considering moving forward with a deepwater container terminal project in Colombo. The project, a joint venture involving Adani,
US agency conducting due diligence on Adani's Sri Lanka project: Report
Last November, the agency said it would provide $553 million in financing for the port terminal project in Colombo, the capital of Sri Lanka. The project is partly owned by India's Adani Group
Reuters on MSN
3h
Sri Lanka's central bank likely to resume rate cuts to foster growth: Reuters poll
COLOMBO (Reuters) -
Sri
Lanka
's central bank is expected to renew easing of interest rates on Wednesday, with a reduction ...
Asian Development Bank
35m
ADB Loan to Advance Power System Expansion and Renewable Energy Integration in Sri Lanka
ADB has approved a $200 million loan to upgrade Sri Lanka's power sector infrastructure, enhancing the reliability of transmission and distribution networks and facilitating greater integration of ...
11h
Father of Sri Lanka Easter bombers did not run for parliament in 2024: govt documents
The father of two suicide bombers in Sri Lanka's horrific 2019 Easter attacks was not a candidate for any post during the ...
2d
IMF approves third review of Sri Lanka's $2.9 bln bailout
The International Monetary Fund (IMF) approved the third review of Sri Lanka's $2.9 billion bailout on Saturday but warned ...
Ada Derana
7h
ADB approves $200 million loan to advance power system expansion in Sri Lanka
The Asian Development Bank (ADB) has approved a $200 million loan to upgrade Sri Lanka’s power sector infrastructure, ...
The Economist
4d
Once a free-market pioneer, Sri Lanka takes a leap to the left
Sri Lanka was once a pioneer of free-market capitalism in South Asia. After J.R. Jayewardene took power with a super-majority ...
10d
on MSN
Party of Sri Lanka’s new Marxist-leaning president wins two-thirds majority in parliament
Anura Kumara Dissanayake’s National People’s Power Party won at least 123 of the 225 seats in parliament, according to ...
4d
Sri Lanka's Inflation Rate Drops to Minus 0.7% in October
(Reuters) - Sri Lanka's consumer price inflation reached minus 0.7% year-on-year in October after easing to minus 0.2% in ...
Ada Derana
8h
Sri Lanka, Australia woo Indian tourists with new initiatives
Aiming to cash on growing outbound Indian tourists, Sri Lanka and Australia have launched new initiatives to cash in on this ...
6d
Embuldeniya returns for Sri Lanka’s two-match test series in South Africa
Lasith Embuldeniya will return after more than two years away from test cricket after being selected in Sri Lanka’s squad to ...
U.S. News & World Report
2d
IMF to Release $333 Million to Crisis-Hit Sri Lanka
COLOMBO (Reuters) - The International Monetary Fund (IMF) approved the third review of
Sri
Lanka
's $2.9 billion bailout ...
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