ADB assures support to diversify exports via SMEs | Daily FT

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Daily Financial Times

By Jerome Vincent The Asian Development Bank (ADB) this week assured to help Sri Lanka diversify its exports by supporting the Small and Medium Enterprises (SMEs). ADB Country Director Chen Chen said export diversification strategy will fulfil an increase in foreign exchange earnings and mobilise Foreign Direct Investments (FDI). “Sri Lanka’s SMEs sector is important, unique and significant to the economy as it provides 42% employment, contributing 20% export value,” Chen said at the National Chamber of Commerce of Sri Lanka (NCCSL). “ADB is willing to provide assistance to diversify Sri Lanka…

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