Sri Lankan President Unveils Bank Loan Concessions to Boost Export-Oriented Manufacturing

Sri Lankan President Ranil Wickremesinghe has unveiled his plan to bolster the nation’s export-oriented manufacturing sector by offering bank loan concessions to small and medium-scale industrialists in the forthcoming budget.

This strategic move is expected to provide much-needed support to these crucial economic players. The President’s commitment to this initiative signals a clear effort to stimulate economic growth and strengthen Sri Lanka’s manufacturing capabilities.

The President is set to present the Second Reading of the Appropriation Bill for the year 2024, commonly referred to as the ‘Budget Speech,’ to the Parliament on Monday, November 13th, at 12:00 pm. The 2nd reading of the Appropriation Bill is scheduled to take place from November 14th to 21st, signaling a key period for economic policy discussions and potential reforms. (LankaXpress.com )