The Monetary Policy Board of the Central Bank of Sri Lanka, at its meeting held on 26 September 2024, decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 8.25 per cent and 9.25 per cent, respectively.
Sri Lanka Tourism presented “Destination Sri Lanka” at the International & French Travel Market 2024 IFTM Top Resa held at Porte de Versailles in Paris from 17 to 19 September 2024. The spacious, beautiful and well-located Sri Lanka Pavilion organized by Sri Lanka Tourism was a major attraction at IFTM, and featured the many facets of Sri Lanka, as well as Ceylon tea and traditional Sri Lankan dance and music.
The Renewable Energy Protectors’ Association (REPA) has called on the leading Presidential candidates to outline their plans to address the issues faced by the renewable energy sector, including the Power and Energy Minister’s recent decision to lower the tariff rate for solar energy projects to Rs. 27 per unit.
Debt Relief Milestone Secures Over USD 17 Billion in Support Amid Ongoing IMF Program.
On the 19th of September 2024, Sri Lanka announced that it has reached Agreements in Principle on the restructuring of approximately USD$ 17.5 billion of external commercial debt (as of end 2023).
In a bid to boost the participation and competitiveness of women entrepreneurs in international trade, the Sri Lanka Export Development Board (EDB) is set to sign a non-financial Memorandum of Understanding (MoU) with the International Trade Centre (ITC) to establish the ITC SheTrades Hub in Sri Lanka.