News
25 November 2024

DFC funding to Sri Lankan port project on hold

In:
Transport
Region:
Asia-Pacific

DFC has put its proposed $500 million loan to an Adani Group-backed port development project in Sri Lanka on hold, citing ongoing due diligence amidst bribery allegations against Adani Group’s founder, Gautam Adani, and other executives.DFC said that no final agreement has been reached for the...

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