The Ministry of Finance will hold the eleventhForum of the “Ease of Doing Business” today27January2017 at 2.00 pm at the 4th Floor Auditorium of MILODA, Academy of Financial Studies, (Old Times Building), Sir Razik Fareed Mawatha, Colombo-01.
The total debt stock of Sri Lanka has gone up by 233% to Rs.7, 391 billion during the period from 2005 to 2014. The total debt burden of Sri Lanka in 2005 was Rs.2, 222 billion and, within 5 years, it increased up to Rs.4, 590 billion in 2010. In addition there is another Rs 2,000 billion debt obtained by the Public owned Enterprises directly off the balance sheet.
Following the vision of President Maithripala Sirisena and Prime Minister Ranil Wickremesinghe, of enhancing the efficiency and effectiveness of service delivery to the public, the Ministry of Foreign Affairs will open a Regional Consular Office in Jaffna tomorrow (26 Jan.).
The European Investment Bank will provide EUR 50 million to support improvement and expansion of sewage networks across Colombo. The new loan will help Colombo Municipal Council to achieve its goal of providing full sanitation coverage to benefit people living and working in the greater Colombo area. The new EIB loan is European Investment Bank’s first ever support for water investment in Sri Lanka and the first loan for public sector investment agreed with the new post civil-war government.