Global Trade Alert
Global Trade Alert

Sri Lanka: Foreign companies permitted to lend their Sri Lankan subsidiaries for financing imports

Announcement

02 Dec 2022

On 2 December 2022, the Sri Lankan government temporarily permitted Sri Lankan companies to take foreign currency loans from their group companies located outside the country.

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Number of interventions

1

0 certainly harmful

0 likely harmful

1 liberalising

List of interventions

0 in force

Implementation date

02 Dec 2022

Revocation date:

01 Dec 2023

Trade payment measure

On 2 December 2022, the Sri Lankan government through Foreign Exchange (Short Term Foreign Currency Loans from a Company Incorporated Outside Sri Lanka) Regulations No. 2 of 2022 permitted Sri Lankan ...

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