COP26 regional ambassador at the Colombo Development Dialogues island.lk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from island.lk Daily Mail and Mail on Sunday newspapers.
by Steve A. Morrell
Agence Francaise de Development Group (AFD), a development bank and cooperation agency, owned by the French government, implements France’s policy on development finance.
The institution’s mandate encompass extending development financial assistance to the public sector to accelerate growth and transition towards a more sustainable world.
AFD’s Country Director Reda Souirgi, with the Ambassador for France in Sri Lanka and the Maldives, Eric Lavertu and Deputy Head of Mission, Aurelien Mailet explained a wide cross section of development aid projects ongoing and projected for implementation that would benefit Sri Lanka, at a news conference in Colombo recently.
France offers Euro 400 mn in the next three years dailynews.lk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailynews.lk Daily Mail and Mail on Sunday newspapers.
Looking to increase non-sovereign loans by 20%-25%
Fresh funding options open to both public and private sectors
SL has sought Euro 200 m as COVID-19 emergency funds in March but yet to be approved
By Shihar Aneez
The Agency of France Development (AFD) is ready to raise the portfolio of non-sovereign debt to as much as Euro 400 million available in the next three years to Sri Lanka’s public and private sectors given the island nation’s tight fiscal situation, the AFD’s Sri Lanka Country Director Reda Souirgi said on Friday.
The AFD, since it started to finance funding to Sri Lanka in 2005, has disbursed Euro 700 million to the Government and Euro 270 million to the private sector. Some of the projects are still continuing and more financing options are under discussion.