Dedicated credit scheme to be introduced for construction sector

Jun 16, 2020 (LBO) – Sri Lanka’s Central Bank is to introduce a new facility for the construction sector enterprises to borrow from Licensed Commercial Banks, using guarantees issued by the government equivalent to the amount due on account of contracts carried out in the past.

This new dedicated credit scheme is to be funded by the Central Bank and made available at concessionary rates. Operating instructions on these new credit schemes to be issued in due course.