To Curb China’s Influence, the US Invests $553 Million in Adani’s Sri Lankan Port

As New Delhi and Washington seek to limit China’s influence in South Asia, the US will finance a $553 million port facility being planned by Indian billionaire Gautam Adani in the capital of Sri Lanka.

As New Delhi and Washington seek to limit China’s influence in South Asia.

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the US will finance a $553 million port facility being planned by Indian billionaire Gautam Adani in the capital of Sri Lanka.

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The money is a part of the $9.3 billion global acceleration of DFC investments in 2023.

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As of the end of the previous year, China was the island nation’s largest foreign direct investor, having made investments totaling over $2.2 billion.

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According to DFC, it would collaborate with sponsors Adani Ports & Special Economic Zone Ltd.

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