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Global Trade Alert

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Sri Lanka: Permission to issue loans to non-resident Sri Lankans for residential real-estate in Sri Lanka

Description

On 7 March 2017, the Central Bank of Sri Lanka through Direction No. 1 of 2017 permitted dealer banks to issue loans to Sri Lankans living outside Sri Lanka, either on Permanent Residency (PR) status ...

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Intervention Details

Intervention Type

Controls on credit operations

MAST Chapter

Capital control measures

Implementation date

07 Mar 2017

Revocation date

No revocation date

Implementation level

National

Affected flow

Outward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Products

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