The Investor Sentiment - Equity and investments forum for Sri Lankans
The Investor Sentiment - Equity and investments forum for Sri Lankans
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Please send an email to contact.lankaninvestor@gmail.com if you face any technical difficulties when posting
Search
Display results as :
Advanced Search
Latest topics
HAYC - HaycarbToday at 7:43 amAdmin
Plantation Sector UpdatesTue Oct 20, 2020 3:11 pmslstock
LWL.N0000 (Lanka Walltiles PLC)Fri Oct 16, 2020 12:50 amsubash
CSE Daylight Robbery !Mon Sep 21, 2020 9:54 pmYin-Yang
Trading Journal Tue Sep 15, 2020 10:37 pmThe Invisible
AEL Access EngineeringTue Sep 15, 2020 7:24 pmsmallville
CFVF - First CapitalWed Sep 09, 2020 9:42 pmWonderer
අනං මනං! #/+?.<>Tue Aug 18, 2020 11:15 pmYin-Yang
Ceylon Tobacco CTCSun Aug 16, 2020 5:11 pmThe Invisible
Sunshine HoldingsFri Aug 14, 2020 9:39 pmThe Invisible
Disclaimer


Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker

Go down
avatar
balapas
Top contributor
Top contributor
Posts : 761
Join date : 2014-02-23
Age : 40

ADB lends US $ 250mn for Sri Lanka’s capital market development Empty ADB lends US $ 250mn for Sri Lanka’s capital market development

on Tue Nov 29, 2016 9:38 am
* Loan to be disbursed in two equal tranches
* Finance Ministry is executing agency

CB, IBSL, SEC and SLAASMB are implementing agencies
The Sri Lankan government has entered into a loan agreement with the Asian Development Bank (ADB) to obtain a loan of US $ 250 million from the Ordinary Capital Resources Fund of ADB to implement the Capital Market Development Programme (CMDP) in Sri Lanka.
The main objective of the CMDP is to ensure that the capital market in Sri Lanka is more effective in mobilizing resources for the economy’s financing requirements to better promote growth and development.


Under the CMDP, it is desired to develop an efficient, stable and transparent capital market, which is a highly proficient conduit for resource mobilization with a strong legal and regulatory framework.

Increasing the capacity and size of the capital market through enhanced market facilitation, demand measures and supply measures are also identified as objectives of the CMDP.
The proposed loan of US $ 250 million will be disbursed in two tranches of approximately US $ 125 million each based on the accomplishment of the policy actions relevant for each of the tranches. The Finance Ministry will be the executing agency of the programme, whereas the Central Bank (CB) of Sri Lanka, Securities and Exchange Commission (SEC), Insurance Board of Sri Lanka (IBSL) and Sri Lanka Accounting and Auditing Standards Monitoring Board (SLAASMB) will be the implementing agencies.

In this connection, Finance Ministry Secretary Dr. R.H.S. Samarathunga on behalf of the Government of Sri Lanka and ADB Sri Lanka Resident Mission Country Director Sri Widowati on behalf of ADB signed the loan agreement on November 24 at the Finance Ministry.
- See more at: http://www.dailymirror.lk/article/ADB-lends-US-mn-for-Sri-Lanka-s-capital-market-development-119823.html#sthash.lCQmOfPJ.dpuf
Back to top
Permissions in this forum:
You cannot reply to topics in this forum