Sri Lanka will set up a new institution titled 'Agency for External Trade and Investment' which will replace the Board of lnvestment, Export Development Board, Sri Lanka Export Credit Insurance Corporation, National Enterprise Development Authority etc. with the enactment of a new law.
This was announced by President and Finance Minister Ranil Wickremesinghe when presenting the 2023 budget on Monday.
He said Sri Lanka is facing forex shortages due to ongoing economic crisis, the inflows of forex should be reviewed.
It is noted for some time that the coordination issues associated with the government agencies working for the external trade and investment affects the performance of the country’s exports. Besides, there are several incentive programmes being implemented by the government agencies to encourage exporters at present. “Therefore, it important to set up a single agency enabling to create a conducive environment for promoting investment and external trade,” he said.
Here is the link to the budget speech in all three languages:
https://www.parliament.lk/files/pdf/budget/2023/budget-speech-2023.pdf#page=95
You can share this post!
Content
Sri Lanka is to offer on arrival driving licenses for tourists at the Bandaranaike International Airport.
Two custodians of the Kataragama Maha Devalaya accused of stealing a gold plate have been prohibited from entering the premises.
Popular singer Chandra Kumara Kandanarachchi passed away today morning. He was 76 years.
A woman was killed and three others including two of her daughters were injured when a motorcycle collided with a lorry in the Galkulama area of Kottukachchiya, Puttalam today evening.
Prof. Chandrasiri Palliyaguru, retired Senior Professor and Head of the Sinhala Department at the Sri Kelaniya University has passed away. He was 80 years old.
Former President Maithripala Sirisena’s remarks on his knowledge about those responsible for the Easter Sunday attack has sparked off widespread speculation about the motives of the statement.
Leave Comments