"However, the ratings are pressured by the Fund’s weakening financial performance, small size and inherent dependence on a single sector."
As a government-owned entity with an economic objective, the Fund may also lend to other government institutions.
CGF was formed by the government of Sri Lanka in 1999, to play a strategic role in the construction industry by providing indirect financial assistance to construction contractors.
However, the Fund is viewed to rank lower in priority than larger state-owned financial institutions within the government’s overall economic framework.
Meanwhile, the Fund has been allocated 100 million rupees of seed capital, of which 55 million has already been disbursed t