Tag: SL Government
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European Investment Bank waits for IMF offer to unlock aid for Sri Lanka
The European Investment Bank (EIB) has expressed willingness to continue its financial assistance to Sri Lanka even making new fiscal commitments following the outcome of the country’s effort to gain the US$2.9 billion IMF extended Fund Facility.
President outlines plans to attract over two million tourists
President Ranil Wickremesinghe has outlined plans to attract over two million tourists to Sri Lanka, including those willing to spend $500 per day although tourist numbers had dropped following the protests in May and June of last year.
SL Rubber Product industry gets a boost from French aided RIVER project
The Rubber Product industry, the 4th largest export earning industry accounting for 8% of the total national exports , has brought US$977 million as export income into Sri Lanka mainly from tyre exports.
IMF keeps faith on SL’s securing of all financing assurances to unlock funding
The International Monetary Fund (IMF) has expressed the belief that Sri Lankan authorities secure financing assurances from all its bilateral creditors soon, so that the Fund’s Executive Board could give its nod to unlock the envisaged US$ 2.9 billion bailout package to support the crisis-hit economy, a top IMF official said.
Economic Commission to facilitate official investment procedure for investors
President Ranil Wickremesinghe stated that an Economic Commission will be formed as early as possible to approve investment projects in order to provide more opportunities to local and foreign investors.