Hirunews Logo
Foreign+Minister+signs+agreement+for+creation+of+Commonwealth+Trade+Finance+Fund+for+Small+States
Saturday, 28 November 2015 - 18:35
Foreign Minister signs agreement for creation of Commonwealth Trade Finance Fund for Small States
14

Shares
1,678

Views
Foreign Minister Mangala Samaraweera together with the Foreign Ministers of India, Malta and Mauritius signed a Declaration of Intent for the creation of a Commonwealth Trade Finance Facility to assist boost trade and investment flows, particularly for small and developing countries in Malta.

Sri Lanka was one of the four countries that signed the declaration as anchor investors and has contributed to set up the facility.

The voluntary fund hopes to attract start-up capital of 20 million dollars and will provide member countries facing trade challenges with the finance they need to increase their trade capacity.

Make a Comment
Make a Comment

DOWNLOAD HIRUNEWS APP ON ANDROID & APPLE