Srilanka, Feb. 5 -- In an effort to address issues faced by local small and medium enterprises (SMEs), the Ministry of Finance announced this week the establishment of a national advisory committee.

This advisory committee is expected to provide guidelines for formulating policies necessary to develop the SME sector, the Ministry said.

Accordingly, all stakeholders operating under different institutions will be coordinated as a single group, and the sector will be formally organised.

The advisory committee will be implemented with contributions from both the public and private sectors. It will function under the Ministry of Finance and Economic Development and the Ministry of Industry and Entrepreneurship Development.

The committee c...