Sri Lanka, March 30 -- The banking sector has facilitated debt capital moratorium in excess of Rs.25 billion for over 1000 struggling small and medium-sized enterprises (SMEs) under the SME recovery plan, the Treasury revealed.
Further, the assistance package has also been extended to cover foreign currency-denominated loans targeting SME exporters and tourism sector stakeholders who have been in particular impacted by the COVID-19 pandemic.
"This package which was only for LKR denominated loans will now be extended to cover foreign currency-denominated loans as well, so as to support SME exporters and in particular, those in the tourism sector effected by the COVID-19 pandemic and the Easter Sunday Terrorist attacks of 2019," the Treasur...