Sri Lanka’s Finance Ministry has stated that Germany is giving credit and grants to complete a hospital in Sri Lanka initiated by a gift from former Chancellor Helmut Kohl.
Macroeconomist and internationally renowned emerging markets investment expert Dr. Jim Walker has reportedly said that Sri Lanka could be a big beneficiary of China’s Belt and Road Initiative (BRI) such as other Asian frontier markets
A senior official of the government of Sri Lanka has reportedly said the state was in the process of facilitating the maiden US$ 400 million investment for the newly reclaimed land at the Port City in Colombo.
Sri Lanka and Japan have discussed the commitment to further strengthen bilateral cooperation between the two countries in vital sectors of economic development.
The government of Sri Lanka has reportedly noted that it is planning to implement a range of new projects in 2020 in the petroleum sector involving the state owned Ceylon Petroleum Corporation (CPC).