Weekly debt report for the week ending 18 August 2017

Amana Wealth
Aug 22, 2017 · 2 min read

Sri Lanka’s banking and finance watchdog, the Central Bank,
confirmed it is in the process of linking micro- finance companies to
the Credit Information Bureau (CRIB) by the end of the year as
multiple lending to the same borrowers has raised concerns in the
microfinance sector.

Sri Lanka can meet its current and future electricity demand
through the judicious use of renewable energy by 2050 according
to a joint study by the UN Development Programme (UNDP) and the
Asian Development Bank (ADB).

The upward trend in secondary market bond yields witnessed
during the previous week, continued during the week ending 18
August as well.

The rupee on spot contracts depreciated during the week to close
at Rs.153.32/40 against its previous weeks closing levels of
Rs.153.06/10 on the back of importer demand.

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