April 24, 2022
1 min read

Crisis-hit Lanka seeks foreign investments

The Minister said that the government is talking with several countries to get funds as soon as possible….reports Asian Lite News

 Sri Lanka is looking for investors that can bring in more than $2 billion into the central bank, Finance Minister Ali Sabry said.

Sabry said that the next few months will be difficult for Sri Lankans, reports Xinhua news agency.

“There is a need to attract investments in U.S. dollars into Sri Lanka’s central bank,” he said.

The Minister said that the government is talking with several countries to get funds as soon as possible.

“If that effort is successful and money comes to the central bank, it will help stop the depreciation and stabilise the rupee,” he said.

Amid the ongoing economic crisis, the Sri Lankan government decided last week to suspend repayment for all debts for an interim period till it has an orderly and consensual debt restructuring programme supported by the International Monetary Fund.

ALSO READ: Lankan exporters can now pay diesel in US dollars

Previous Story

CPC: An anti-Indian bid to ruin US ties

Next Story

EU chief in India, lauds green commitments

Latest from -Top News

Modi Lands in Malé for Big Day

PM Modi is visiting the Maldives at the invitation of President Muizzu to participate as the Guest of Honour at the country’s 60th Independence Day celebrations…reports Asian Lite News Prime Minister Narendra

Industry Hails India-UK FTA

£34 billion boost, sweeping tariff cuts and market access mark UK’s most ambitious post-Brexit trade pact; Indian sectors set for exports surge…reports Asian Lite News Business leaders from both India and the

India, UK Sign Landmark FTA

The pact is set to make imported goods like Scotch whisky, gin, luxury cars, cosmetics, and medical devices more affordable for Indian consumers….reports Asian Lite News In a landmark moment for India-UK

Farmers Win Big in India-UK FTA

There is a massive gain for rural India and exporters with zero duty on processed foods compared with up to 70 per cent earlier….reports Asian Lite News The India-UK Free Trade Agreement
Go toTop

Don't Miss

Need policy decisions based on export-oriented economy: SL PM

The Prime Minister made this statement when he met the

Sri Lanka hikes key rates to fight inflation

According to Central Bank of Sri Lanka, the hike in