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23 March 2016

 
EASL welcomes proposed EXIM Bank facility
The Exporters Association of Sri Lanka (EASL) records its appreciation and welcomes the recent announcement that the Commonwealth Secretariat has offered technical assistance towards the Government’s initiative to set up the proposed EXIM Bank facility as was declared in the recent Budget.
The EASL articulated this need for many years. Its considered opinion is that without this facility, growth of Exports has been, and will continue to be, constrained. When comparing the performance of Sri Lanka with its South Asian neighbors like India and Korea, it is evident that the lack of the level of export support such those provided by an EXIM bank, has precluded Sri Lanka from achieving its growth potential.

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