Sri Lanka, Feb. 18 -- Sri Lanka's banks have welcomed the maiden budget of the new government, describing it as "positive" and one that seeks to maintain policy consistency, especially on the fiscal path.
In a statement, the Sri Lanka Banks' Association (SLBA), which represents all licensed banks in Sri Lanka, commended the budget proposals presented to Parliament by President Anura Kumara Dissanayake in his capacity as Minister of Finance, Planning and Economic Development.
In particular, the SLBA commended the budget's emphasis on digitization, the proposed establishment of Credit Guarantee Institute for Small and Medium Enterprises (SMEs), and the focus on export orientation, and said the key to achieving the envisaged outcomes would b...