Sri Lankan ministers and senior officials have urged the government and businesses in the UAE to invest in the country’s recovery programmes after it was ravaged in a recent devastating cyclone even as it strives to emerge from its worst economic crisis.
More than 600 people were killed by Cyclone Ditwah in December, which left only a quarter of Sri Lanka’s railway network usable, infrastructure destroyed and caused damage estimated to run into billions of dollars.
The island nation has also been struggling to attract investment after a historic default on debt repayment that plunged Sri Lanka into economic ruin in 2022.
Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka, told The National the country "is in a much better position than before the crisis".
“We want to convey that Sri Lanka is open for business, ask the banking community that was doing a lot of business with Sri Lankan banks earlier to engage again,” he said at a me
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