Markets
US Invests $553 Million in Adani’s Sri Lanka Port to Curb China’s Influence
- Investment is DFC’s largest infrastructure financing in Asia
- Adani’s Colombo port deal has been criticized as opaque
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The US will provide $553 million in financing for a port terminal in Sri Lanka’s capital being developed by Indian billionaire Gautam Adani, as New Delhi and Washington look to curtail China’s influence in South Asia.