Sri Lanka’s president on Thursday appointed eight task forces to explore investment prospects after reaching a preliminary deal with the International Monetary Fund (IMF) for a $2.9 billion bailout fund.
President Ranil Wickremesinghe appointed public and private sector leaders to serve on task forces that will oversee procedures, regulations, and actions of government agencies involved in business operations, Colombo Page reported.
They will facilitate the government in starting new businesses, obtaining construction permits, registering business property, obtaining loans, protecting investors, cross-border trades, and paying taxes.
This comes after the IMF agreed to provide Sri Lanka with a new 48-month Extended Fund Facility to help restore the country’s macroeconomic stability and debt sustainability….