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Sri Lanka's cabinet approves 5-year capital market strategy

Xinhua, October 26, 2016 Adjust font size:

Sri Lanka's cabinet on Wednesday agreed to follow a five-year capital market strategy in order to attract investors, issuers, institutions and mediators.

A cabinet paper presented at the cabinet meeting stated that although the capital market plays a major role in economic and sustainable development in promoting economies in the world, Sri Lanka had not used its potentials.

"Hence, the capital market of Sri Lanka should be converted into an efficient and interesting place for share issuers, investors, institutions, and mediators," according to the cabinet paper.

Accordingly, a proposal made by Prime Minister Ranil Wickremesinghe to follow the capital market strategy 2016-2020 that proposes regulatory and development actions to be followed by the Sri Lankan government, was approved by the cabinet. Endit