US EditionGovt Acts to Shield SMEs from Collapse as Loan Defaults Rise - LNW Lanka News Web
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Govt Acts to Shield SMEs from Collapse as Loan Defaults Rise - LNW Lanka News Web
Sri Lanka has launched a fresh support mechanism to rescue struggling small and medium enterprises (SMEs), amid mounting pressure from parate executions and loan defaults that threaten to cripple the sector—the backbone of the island’s economy. In response to increasing financial distress faced by SMEs due to high interest rates, declining demand, and cash flow constraints, the Ministry of Industries and Enterprise Development unveiled a strateg…
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