Finance Ministry says People's Bank privatization rumour is baseless & politically motivated

‘s Bank privatization rumour is baseless & politically motivated: Finance Ministry

Sep 03, 2019 (LBO) – Sri Lanka’s Government emphasizes that the proposed amendments to the People’s Bank Act never aims to privatize People’s Bank. According to the Finance Ministry, the only objectives are to increase the authorized share capital of the People’s Bank and to enable the Bank to issue debentures without the additional requirement […]