Sri Lanka banks can provide cashflow based lending with credit guarantee institution: Minister
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Sri Lanka banks can provide cashflow based lending with credit guarantee institution: Minister
ECONOMYNEXT – Sri Lanka’s banks and other financial institutions have the mechanism to lend based on cash flows without collateral, using the newly set up National Credit Guarantee Institution, Deputy Minister of Finance and Planning Harshana Suriyapperuma said. The NCGIL set up with a 50 million US dollar loan and technical assistance from the Asian Development Bank will provide a 67 percent credit guarantee for loans given by participating len…
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