Chairman
Dr. Harsha
N. de Silva
Navara Capital Ltd, a corporate advisory service provider in the country, has been appointed as the Training Partner for the United States Agency for International Development (USAID) CATALYZE Sri Lanka Private Sector Development (PSD) Activity to train staff members of selected private sector banks and other financial institutions on debt restructuring, debt rehabilitation and new financing for micro, small and medium enterprises (MSMEs).
The training programs are designed to provide staff members of leading banks and financial Institutions with additional knowledge and in depth understanding of the challenges faced by MSMEs and in dealing with MSME in debt restructuring, rehabilitation and new financing. It is expected that the program will support these organisations to expand their support towards MSMEs by providing them with access to new financing and more equitable solutions to their debt-related problems. “We are excited to be part of this great initiative by the USAID CATALYZE PSD Activity which has recognised and addressed a critical deficiency in providing much needed support to the country’s SME sector,’’ said Managing Director of Navara Capital Ltd, Dr. Harsha N. De Silva.
“Sri Lanka’s MSME sector is the bedrock of our economy contributing over 50 percent of the GDP and 45 percent of the total employment. This program is designed to encourage banks and financial institutions expand their support for the MSMEs while addressing their own concerns about credit risk and mounting debt provisions.
“We are extremely encouraged by the response with several leading banks already reaching out,” he said.
Navara Capital Ltd. is a boutique investment banking company specialized in providing a range of financial advisory services, capital market and investment related services since 2008.
