External trade sees recovery
CB holds policy interest rates steady:
The Monetary Board has decided to maintain policy
interest rates of the Central Bank unchanged at their current levels
due to the improved economic activities in the country. Accordingly,
the Repurchase rate and the Reverse Repurchase rate of the Central
Bank would remain at 7.25 percent and 9.00 percent, respectively.
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CIC Agri Businesses ventures North
Two agri centres in Jaffna:
CIC Agri Businesses has invested Rs 40 million
in developing two agri service centres in Kilinochchi and Jaffna.
They have formed a separate company named CIC North and East Agri
Development, under CIC Agri Businesses.
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Climate change adaptation to cost Rs 47.7 billion
Action plan from 2011 to 2016:
An estimated Rs 47.7 billion will be required to
implement the National Climate Change Adaptation Strategy (NCCAS) of
the country over its six year duration. NCCAS Team Leader Nayana
Mawilmada said the majority of these financial resources will be
channelled directly to the agencies and stakeholders to finance and
implement climate change adaptation interventions of varied scale.
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