Sri Lanka is now almost certain that the US $2.9 billion IMF’s Extended Fund Facility (EFF) would be unlocked soon, and following its release more funds are expected to flow into Sri Lankan coffers, from the World Bank, Asian Development Bank, and other agencies.
Sri Lanka’s manufacturing sector has continued its decline while services sector businesses have been facing a setback last month, according to a Purchasing Managers’ Index compiled by the central bank.
NDB Investment Bank made inroads into the African region by acting as the exclusive Financial Advisor and Manager to the recently concluded transaction of Hela Apparel Holdings PLC.
The government is set to take immediate action on the ongoing unfinished mega mixed development projects and the abandoned unfinished buildings in Colombo municipal area including Hyatt and Krrish projects marred with irregularities and financial misappropriations.
