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Sri Lanka’s Economic Backbone Faces Breaking Point - LNW Lanka News Web
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Sri Lanka’s Economic Backbone Faces Breaking Point - LNW Lanka News Web
The micro, small and medium enterprise (MSME) sector in Sri Lankalong hailed as the backbone of the economy is now facing acute stress, with many firms on the verge of collapse amid constrained bank lending and inadequate government relief. While MSMEs contribute over half the nation’s gross domestic product and employ millions, their plight is now emerging as a critical fault‐line. Speaking on behalf of the Ceylon Federation of MSMEs, Presiden…
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