ECONOMYNEXT – Sri Lankan authorities are in discussion with the Asian Development Bank to establish a venture capital fund to grant cheap finance access for the island nation’s small and medium sector enterprises (SME), a top official said. Manjula Hettiarachchi, Director General of the Department of Development Finance at the country’s Ministry of Finance said, if the discussions succeed, the country will have a venture capital fund from the next year. “Access to the finance for the SME sector has been a real issue with some commercial banks also hesitant to provide loans. We at the Finance Ministry have developed…
Sri Lanka in discussion with ADB for SME venture capital fund: official
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