Sovereign debt default, abrupt cancellation of key new Japanese proposals such as LRT, LNG and bleak outlook among reasons for exit after nearly 60 years of presence in Sri Lanka.
The Swiss Agency for Development and Cooperation (SDC) has now been involved in the funding of improving food security among Sri Lankan rural farming communities affected by the country’s economic crisis United Nations World Food Programme (WFP) divulged.
The infrastructure development activities of Port City Colombo, the largest foreign direct investment (FDI)-driven project in Sri Lanka, are slated to be completed by the end of this year, Investment Promotion Ministry Secretary M.M. Nayeemudeen said.
The Sri Lankan expatriate community in Qatar, which is around 120,000, generates about $600mn in remittances to the South Asian nation’s economy, the country’s top diplomat in Qatar has said.
The Department of Census and Statistics (DSC) has been taking measures to update Sri Lanka’s economic indicators following allegations of delaying the compilation of economic data without proper surveys.
