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Lanka commences negotiations with IMF :
Stand-by Arrangement of US$ 1,900 million
In response to an offer of the International
Monetary Fund (IMF) to support Sri Lanka during the current global
financial crisis, the Government of Sri Lanka (GOSL), has sought a
Stand-by Arrangement from the IMF, in the range of 300 per cent of
Sri Lanka’s current quota with the Fund,
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Foreign direct investments increased in 2008
Sri Lanka was able to attract USD 889 million
worth of foreign direct investments during last year. Comparing with
2007 this is a 21 per cent increase and total foreign direct
investments were recorded as USD 734 million in that year.
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Huge potential to expand rent-a-car industry
There is huge potential to expand the rent-a-car
industry in Sri Lanka with the end of the war and the country must
get the maximum benefit from it, Managing Director Casons Rent-a-Car
(Pvt) Ltd, Zakir Ahamed told Daily News Business.
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