The Sri Lanka Export Development Board (EDB) and the People’s Bank have entered into a strategic partnership aimed at propelling Sri Lanka’s export sector to new heights.
The collaborative effort was cemented through the signing of a Memorandum of Understanding (MoU) in Colombo. The partnership endeavours to invigorate the country’s export landscape by identifying and supporting exporters, fostering potential market entrants, and catalysing economic growth through amplified foreign exchange earnings and enhanced employment opportunities.
People’s Bank will offer financial advisory services, funding facilities, and trade finance options, to enhance the export capabilities of existing exporters, nurture potential new entrants, and elevate indirect exporters to direct export status under this partnership.
This strategic alliance aims to bolster the development of Small and Medium Scale Enterprises (SMEs) and integrate them into the global export market, aligning with the broader economic objectives.
The collaboration will also focus on educational initiatives for People’s Bank staff, ensuring they are well-equipped to advise customers on export market requirements and opportunities, thus enhancing the bank’s foreign exchange portfolio.
Sri Lanka Export Development Board will contribute its expertise by identifying global market opportunities and facilitating the prerequisites to promote exports from Sri Lanka.
