The United States is providing a welcome boost to Small and Medium Enterprises (SME) in Sri Lanka struggling with the impact of the pandemic.
The U.S. International Development Finance Corporation (DFC) is awarding a US$75 million funding line to NDB Bank to support its work in expanding and strengthening the SME sector, particularly among women business owners. The funding agreement directs a portion of the loan to businesses that are owned by women, led by women, or provide a product or service that empowers women, the US embassy said in a media release. Last week this line of credit was announced by NDB Bank.
“Improving access to finance will enable women business owners in Sri Lanka to realise their full economic potential and will also help the Sri Lankan economy to grow,” said U.S. Ambassador to Sri Lanka Alaina B. Teplitz. “The United States is committed to ensuring women are employed by and in senior management positions in their own organisations.”
Former Chairman of SriLankan Airlines, Nishantha Wickramasinghe, arrested on allegation of corruption by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) has been remanded until July 1 by the Colombo Magistrate court.
Deputy Minister of Finance and Economic Stabilization and NPP National List MP Harshana Suriyapperuma who is tipped to be named the next Finance Ministry Secretary resigned from Parliament today.
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