Sri Lanka, March 30 -- The Sri Lanka Export Development Board (EDB) welcomes moratorium on debt capital and interest and concessionary working capital scheme extended to export-related enterprises that are adversely impacted by the COVID-19 pandemic.
The concessions recently announced by the Central Bank (CB) include a six-month moratorium on debt capital and interest, and working capital loans at 4 percent interest rate.
The concessionary financing are to be granted through commercial banks, specialised banks, finance companies and leasing companies.
Further, investment loan facilities, not exceeding Rs.300 million, are also agreed to be provided at a concessionary rate for business expansion.
"This will give relief to borrowers who ha...