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BUSINESS NEWS Sri Lanka News

UNITED STATES invests in a fund for the growth of small businesses in Sri Lanka.

The United States launched a new LKR 3.6 billion (USD 19.5 million) initiative to help small businesse and economically empower Sri Lankan women.

It will also help Sri Lanka weather the economic impact of COVID-19 by providing highly needed financial assistance through which businesses will be able to expand job opportunities for women and increase profits.

“This project demonstrates the United States’ long-term commitment to engage the private sector in development cooperation that shape market-driven solutions to achieve sustained impacts,” said U.S. Ambassador to Sri Lanka Alaina B. Tepltiz. “Most importantly, this timely assistance will also mitigate the economic effects of COVID-19 in Sri Lanka,” she further said.

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