The credit ceiling on Sri Lankan banks introduced last year to curb expanding credit has also been lifted and no more exists, the CB announced on Wednesday. The announcement came in the annual strategic plan and policy statement by the Governor of the CB Ajit Nivard Cabraal. Government officials, corporate heads and the media were called for the briefing this morning which is continuing (as at 11.30 am) Here are the announcements on Sri Lanka economic performance last year: –    Imports as a percentage of GDP was 31.5% while exports was 16.5 % in 2012 –    Migrant worker remittances in 2012 amounted to 10% of GDP –    Debt to GDP was 81% against 78.8% in 2011 – Limits on forward market transactions removed]]>

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