An arm of the World Bank Group, the International Finance Corporation (IFC) has reportedly stated that it is making a US$ 2.5 million venture capital investment in Sri Lanka’s PickMe.
The Hatton National Bank (HNB) of Sri Lanka has reportedly stated that the bank had syndicated Rs. 9.0 billion loan for Western Power Company, which is a unit of publicly trade Aitken Spence Plc.
The Export Development Board (EDB) of Sri Lanka has reportedly set an export earnings target of US$ 17.4 billion by the end of 2018.
The International Monetary Fund (IMF) earlier this week approved the disbursement of a US$ 252 million tranche to Sri Lanka under its programme in the country and has called on the government for continued reforms to boost growth as the country recovers from a balance of payments crisis.
An External Sector performance report of the Central Bank of Sri Lanka has stated that the country’s merchandise export earnings at US$ 1,108 million