The Asian Development Bank (ADB) and Sri Lanka’s Hatton National Bank (HNB) have reportedly reached an agreement to expand lending and provide guarantees of up to US$ 20 million to support small businesses and low-income families.
The Sri Lankan government has reportedly expressed its intentions of rolling out a series of measures to convert Sri Lanka into a technology hub to foster entrepreneurship and improve ecosystems for startups and tech enterprises.
The United States (US) is to provide a US$ 480 million grant to Sri Lanka for several development projects.
Mitra Innovation in Sri Lanka recently announced the launch of engineering and client servicing operations in Germany and the expansion latest expansion programme further strengthens Mitra Innovation’s presence in the European region
A Memorandum of Understanding (MOU) was reportedly signed between the Board of Investment of Sri Lanka (BOI), the Export Development Board of Sri Lanka (EDB) and Business France.