SL looks for US $ 500 million credit from AIIB

Sri Lanka has looked for a US $ 500 credit from the Asian Infrastructure Investment Bank (AIIB), settled in Beijing, China, for green improvement projects.

It is a multilateral advancement managed an account with the mission to work on friendly and monetary results on the planet. The bank opened in January 2016. Sri Lanka is one of its establishing individuals. Nonetheless, there is no affirmation of this credit right now.

Furthermore, the public authority has additionally requested a credit plan from China to import materials needed for clothing production. The solicitation was made when the Chinese  State Councilor and Foreign Minister Wang Yi visited Sri Lanka.