Announcement
07 Mar 2017
Sri Lanka permitted banks to issue loans to non-resident Sri Lankans to invest in residential real estate property.
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Number of interventions
1
0 certainly harmful
0 likely harmful
1 liberalising
List of interventions
Implementation date
07 Mar 2017
Revocation date:
No revocation date
Updated: 07 Mar 2017
Controls on credit operations
In force
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) stat...
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