Sri Lanka in talks for $100 million emergency funding from Beijing-backed bank

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Sri Lanka in talks for $100 million emergency funding from Beijing-backed bank
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The China-backed Asian Infrastructure Investment Bank is considering granting $100 million in emergency support to Sri Lanka, the country's finance ministry said on Sunday.

Sri Lanka has requested foreign-exchange liquidity support for state banks from the lender, it said in a statement.

The multilateral AIIB, founded in 2014 to promote infrastructure investing throughout Asia, draws most of its funding from China.

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