Friday, 20 November 2015

Sri Lanka to set up EXIM Bank

ECONOMYNEXT - Sri Lanka will set up an export import bank with a capital of 25 billion rupees to promote exports, Finance Minister Ravi Karunanayake said.

The proposed EXIM Bank will be set up with private partnership, he told parliament presenting a budget for 2016.

The EXIM Bank is planned to be in operation by April 2016, he said.

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