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Sri Lanka targets FDI worth 2 5 bln USD in 2021
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2021-01-28 10:07:02 GMT2021-01-28 18:07:02(Beijing Time) Xinhua English
COLOMBO, Jan. 28 (Xinhua) Sri Lanka s State Minister of Money, Capital Market and State Enterprise Reforms Ajith Nivard Cabraal has said that the Sri Lankan government hopes to attract over 2.5 billion U.S. dollars in foreign direct investment (FDI) this year, local media reported here Thursday.
Cabraal also told reporters on Wednesday that the Sri Lankan government has no plans to issue more International Sovereign Bonds and will instead focus on adjusting the ratio of foreign debt to local debt. We have empowered small and medium business owners through our efforts. Instead of sovereign bonds we will attract foreign currency through different means, Cabraal was quoted as saying.
Wednesday, 23 December 2020 00:01 -
The Board of Investment of Sri Lanka (BOI) and the Embassy of Sri Lanka in France organised a webinar on 17 December. The webinar was sponsored by National Confederation of French Employers (Movement des enterprise France) MEDEF. The Embassy of France in Sri Lanka and the Sri Lanka – France Business Council worked closely with the BOI and Sri Lanka Embassy in Paris to make this event a success.
The objective of the webinar was to create more awareness regarding investment opportunities in Sri Lanka amongst potential French investors. The welcome speech was made by MEDEF International Managing Director Philippe Gautier. Gautier stated that MEDEF initially established contact with Sri Lanka 14 years ago, and recently launched the France-Sri Lanka Business Council. He also stated that MEDEF is currently in the process of promoting an inward delegation to visit Sri Lanka in 2021 and they are making every effort to make it pos
Latest rating downgrade suggest Sri Lanka s sovereign default is a real possibility
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