In the wake of a high regulatory powered investment promotion agency (authority) to attract more foreign direct investment (FDI), the Board of Investment of Sri Lanka (BOI) will be granted more powers.
Sri Lankan government construction contractors numbering around 3000 are in an urgent need of funding for their survival have been relieved as they have received Rs. 191 billion outstanding payment for the work completed in public construction projects including buildings and infrastructure facilities.
The government is working to ramp up public spending on health care in order to ensure continued provision of high-quality care throughout the state-run system, to implement new technologies across the sector and to prepare for a potential influx of medical tourists.
The International Monetary Fund (IMF) on Saturday called for ‘timely and orderly processes’ under a common framework with regards to Sri Lanka’s debt resolution. The island nation faced a severe economic crisis which resulted in high debt.
