Cabinet has granted its consent to the proposal to sign a co-operation agreement

The Cabinet of Ministers has granted its consent to the proposal forwarded by President Ranil Wickremesinghe in his capacity as the Investment Promotion Minister to sign a co-operation agreement between Export Development Board of Sri Lanka and International Finance Corporation.

Cabinet Spokesman and Mass Media Minister Dr. Bandula Gunawardhana said that the aim is to provide necessary facilities to enable the small and medium entrepreneurs to become exporters.

He was speaking at a media conference held yesterday at the Government Information Department to inform the decisions taken at this week’s Cabinet meeting.

It has been proposed to sign a corporation agreement between the Export Development Board of Sri Lanka and the International Finance Corporation to provide the facilities under the programme for the development of new exporters of the Export Development Board with the objective of turning small and medium entrepreneurs with export potential into exporters.