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Sri Lanka deprives of Rs 30 billion from the coal tender bending
Sri Lanka’s coal procurement process has been found foul by the recent Government Auditor General Department’s inspection report prompting the parliamentary Committee on Public Finance (COPF) to recommend action against officials who oversaw a 2022-2025 coal tender for the Norochcholai coal power plant.
Government to assist Northern Province to go Green in a big way
Sri Lanka government has renewed its efforts to make a new development paradigm shift aimed for a post-pandemic economic recovery that is more sustainable and resilient to shocks and leaves no one behind.
SL holds talks with UNDP and others for a debt-for-nature swap programme
Sri Lanka is in talks with the United Nations Development Programme and other agencies for a debt-for-nature swap programme, as the South Asian Island faces its worst economic crisis in decades.
People’s Bank and Russian Natsinvestprombank join hands with to ease fund transfers
People’s Bank recently entered into an agreement with the National Investment Industrial Bank in Russia to facilitate a novel remittance mechanism that enables efficient and convenient fund transfers from Russia to accounts in Sri Lanka.
State land to be leased to boost agri-exports promoting Agro-entrepreneurship
The government has taken prompt action to boost export crop sectors such as cinnamon, coconut and related products, dairy and establishment of 10 Agro-entrepreneurship villages.