Press briefing of Cabinet Decision taken on 2016-04-06

Memorandum of Understanding between the Central Bank of Sri Lanka and the China Development Bank

- The proposal made by Hon. Ranil Wickremasinghe, in his capacity as the Minister of National Policies and Economic Affairs to sign the Memorandum of Understanding between the Central Bank of Sri Lanka and a Commercial Bank of the People's Republic of China called the Development Bank of China, during his official visit to China, for making an effort to work on a basis of significant corporation with the Republic of China, with the objective of stable maintenance of the financial network of the country, ensuring the domestic monetary stability and the safety of the international stability of the Sri Lanka Rupee as well as the promotion of agriculture and the infrastructure facilities of Sri Lanka, was approved by the Cabinet.