Sri Lanka’s rubber smallholders are to be provided necessary assistance from French experts to participate in the process of developing and strengthening their skills, instincts, abilities, and resources to survive, adapt, and thrive in a fast-changing world.
Sri Lanka’s gross development product output is estimated to have fallen by 9.2 percent in 2022 as the government ran out of the foreign exchange needed to cover food and fuel imports while the rupee plummeted and imports contracted sharply, and to service external debt, the World Bank says.
In a bid to boost foreign direct investments (FDIs), the Government has decided to call for an Expression of Interest to set up an export-oriented oil refinery in Hambantota.