Turkey Exim Bank to loan $350m

Friday, 18 December 2015 00:24 - - {{hitsCtrl.values.hits}}

Under a new agreement the Turk Exim Bank will provide $350 million funds to implement development projects in Sri Lanka.

Accordingly, the proposal made by Ravi Karunanayake, Minister of Finance, to enter into the above agreement, was approved by the Cabinet of Ministers. The Memorandum of Understanding (MoU) is expected to attract new development partners and widen existing partnerships, which the Cabinet paper insisted is essential in strengthening the path of development.

The MoU is proposed to be signed with the intention of strengthening the financial relationship with Turkey, which is an active member and the present Chairmen of G-20.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.