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Business in Sri Lanka

Business in Sri Lanka

The civil war has been brought to an end and the Sri Lankan business community is looking forward to a recovery of the Sri Lankan economy with the help of Chinese and Western loans.

The IMF is aiming to release a $2,5 billion loan which should boost the economy according to the hopes of the Sri Lankan government.

 

 

 

Overall the economy in Sri Lanka hasn`t been doing too well since the new Rajapakse Government has taken over the country in autumn 2005.

 

The Sri Lankan Rupee is now much less worth and all prices have gone up a lot with an inflation rate of over 20% in recent years.

 

In addition tourism has also gone down a lot so the country is creating vast financial losses every month t around $250 million.

 

Most businesses are located in Colombo whilst in towns like Galle and Kandy supplies can be a problem.

 

Business fees are high and it is not easy to conduct any business inside the Sri Lankan society.

 

Loads of patience and a deep understanding for the Sri Lankan mentality can certainly be very helpful.

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