27 October 2016 12:01 am
A five-year capital market strategy for the 2016-2020 period proposed by Prime Minister Ranil Wickremasinghe in his capacity as the Minister of National Policies and Economic Affairs has received Cabinet approval.
The five-year strategy is expected to propose regulatory and development actions to be followed by the government for the improvement of the country’s capital market.
According to the government, although the capital market plays a major role in economic development and sustainable development in rising economies in the world, Sri Lanka has not used its potential. Hence, they believe Lankan capital market should be converted into an efficient and interesting place for share issuers, investors, institutions, and mediators.