September 21, 2019
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    An innovative way for small states to obtain easier access to international trade finance has been launched at the Commonwealth Heads of Government Meeting in London. In order to help Small States get access to global markets, India, Sri Lanka, Mauritius and Malta have provided USD 5 million of capital to the scheme, called the Commonwealth Small States Trade Finance Facility. Mangala Samaraweera, Minister of Finance & Mass Media signed this agreement on behalf of Sri Lanka.

    Sri Lanka Tourism will target a revenue of US$ 4.4 billion, said Ministry of Tourism Development and Christian Religious Affairs, John Amaratunge. Sri Lanka ended 2017 with US$ 3.9 billion revenue.He said that the industry for this year has already shown a growth of 24% and will move from the current third position to be the top foreign exchange earner for Sri Lanka soon. The Minister also said that they have taken quick steps against harassment and physical assault of tourists in Mirrisa recently by locals in the area.

    The country’s primary healthcare system was held up as an example of what consistent dedication can achieve at this year’s CHOGM. Microsoft Corporation Founder Bill Gates asked the Commonwealth to look to Sri Lanka to know what ‘high quality’ primary healthcare meant.Bangladesh and Sri Lanka have developed very high quality primary healthcare systems staffed primarily by women healthcare workers, which model other countries are following, he said, speaking at the Joint Plenary Session on day two of CHOGM 2018 yesterday.

    “As the financial system develops, the laws and regulations aimed at preventing financial crimes need to be updated. Sri Lanka very well understands this reality and is taking every necessary measure to keep abreast of the regulatory developments”Minister of Finance and Media Mr. Mangala Samaraweera made these remarks at a roundtable discussion on ‘Financial Regulation: Working Together to Address De-Risking,’ held on the sidelines of the 2018 Commonwealth Heads of Government Meeting (CHOGM), at the Mansion House in London, yesterday (17th).

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