Sri Lanka is to mobilize green energy investments in the energy sector and invites local and foreign direct investments for that purpose, Senior Advisor to the President on Climate Change Ruwan Wijewardene said.
Sri Lanka’s deficit in the merchandise trade account witnessed a significant contraction in February, due to a significant moderation in the import expenditure, arising out of the aggregate demand conditions.
The credit card balance, a distant proxy for consumer spending, bucked the recent trend to show a decline in January and the drop in the number of cards in February this year, reflecting some pullback in spending amid higher interest rates and inflation.
A swap with the People Bank of China is to be extended for another three years from 2024, according to documents released with the approval of a deal with the International Monetary Fund.
