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 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.
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.
The Sri Lanka Embassy in Beijing, consistent with its efforts to continuously promote Sri Lankan tourism in the Chinese market, is targeting one million Chinese tourists to visit Sri Lanka after the China travel restrictions are relaxed, a statement from the mission said.
The Foreign Employment Bureau (SLBFE) has now barred Sri Lankans travelling to Oman and the United Arab Emirates (UAE) on tourist visa seeking employment opportunities