Cabinet approval has been granted to sign the corporation agreement between Sri Lanka’s Export Development Board (EDB) and the International Finance Corporation (IFC) to provide necessary facilities to enable small and medium entrepreneurs to become exporters.
It was proposed to sign a corporation agreement between EDB and the IFC to provide the facilities under the program for the development of new exporters of the EDB to turn small and medium entrepreneurs with export potential into exporters.
The clearance of the Attorney General and the recommendations of the Ministry of Foreign Affairs have been received for the said corporation agreement.
Accordingly, the Cabinet approved the proposal presented by the President, in his capacity as a Minister of Investment Promotion, to sign the proposed corporation agreement between the two parties. (Newswire)