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

Trinidad Eager to Deepen Ties with India: Envoy

Trinidad and Tobago, home to a large Indian-origin population—many of whom are now in their fifth and sixth generations—offered a unique cultural resonance to the visit….reports Asian Lite News Prime Minister Narendra

UK shuts both its Afghan resettlement schemes

According to the Ministry of Defence, the Afghan Relocations and Assistance Policy has fulfilled its initial objective of supporting Afghans who worked alongside the UK military The government has announced the closure
Go toTop

Don't Miss

Lankan Navy arrests 6 Indian fishermen

Six fishermen are now in the custody of the Sri

Lanka braces for 10-hour daily power cuts

Sri Lanka has been facing power cuts since February due