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Canada notes corruption as obstacle to attract foreign investments in Sri Lanka

02 Oct, 2024

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Canada noted corruption and the lack of safety as significant obstacles to attracting foreign investments in Sri Lanka.

Eric Walsh the Canadian High Commissioner to Sri Lanka, met with President Anura Kumara Dissanayake at the Presidential Secretariat, Wednesday.

During the meeting, Ambassador Walsh extended his congratulations to the President on his recent election victory and conveyed the Canadian government?s and its people?s best wishes.

The High Commissioner highlighted corruption and the lack of safety as significant obstacles to attracting foreign investments.

He expressed his appreciation for the President?s commitment to eradicating corruption and ensuring a secure environment in the country.

Ambassador Walsh emphasized that with the proposed reforms, Sri Lanka would be better positioned to attract international investments.

He also reaffirmed Canada?s support for Sri Lanka?s engagement with the International Monetary Fund (IMF) and the on-going debt restructuring process. (Colombo Gazette)

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