COLOMBO, Jan 5 (NNN-SLNEWS) – The Colombo Port City and the Hambantota Port, will attract foreign investments to Sri Lanka and boost growth in 2021, the governor of the Central Bank of Sri Lanka (CBSL) said.
Delivering a virtual address titled: Road Map 2021, CBSL Governor, W.D. Lakshman said, Sri Lanka-China joint projects, like the Colombo Port City and the Hambantota Port, would attract “a sizable flow of foreign capital into the country.”
“It is expected that the rapid development of the Colombo Port City’s Special Economic Zone, of which the commercial and retail asset components are set to break ground in mid-2021, would catalyse growth performance in the financial sector,” Lakshman said.
He said, CBSL would work with the government, to operate a regulatory framework for the Colombo Port City’s Special Economic Zone, which is expected to be introduced by an Act of Parliament later this year.
“Such joint work will ensure seamless cohabitation of the national financial sector regulatory framework, with the expected special legislation covering the international financial centre in the Port City,” he said.– NNN-SLNEWS
