Canada to fund $8 mn for SME sector

Canada to fund $8 mn for SME sector

Canada to fund $8 mn for SME sector

Canada will contribute $8.8 million over four years for the establishment of an Entrepreneur Financial Centre in Sri Lanka.

Canadian Foreign Minister Stéphane Diona said yesterday the project will be implemented by Développement International Desjardins, in partnership with Sanasa Development Bank.

“The Centre will help stimulate private sector development and support job creation by improving livelihoods for entrepreneurs of micro, small, and medium enterprises,” Dion said at a joint press briefing held at the Foreign Affairs Ministry yesterday. “Canada would like to explore our trading relationship, because this is for the mutual benefit of both of our people. Partnership opportunities are on the horizon in sectors such as aviation, infrastructure, power supply, clean technology and agri-foods.

“Canada will also be there if unexpected events happen in your country, like the flooding and resulting landslides in May this year. And we are ready to assist Sri Lanka in tackling climate change, not least because of its impact on the frequency and severity of natural disasters”, Dion said.

Courtesy Daily News  JULY 29 2016

Naga Narendran

Naga Narendran ACMA, CPA, CGMA A Management Consultant with over 40 years of experience in Finance and large scale Business Project Management gained mainly in Australia and has served in senior executive positions in top tear corporations including IBM.

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