China's People's Bank and the Central Bank of Sri Lanka signed a Bilateral Investment Agreement on Bond Investment Sunday, in order to allow Sri Lanka to increase its investment in China's bond market.
“As a result, the Central Bank of Sri Lanka could now access one of the largest and growing securities markets in the world, while also enhancing the cooperation between the two central banks, and the two countries,” the Central Bank of Sri Lanka said in a statement.
The governor of the Central Bank Ajith Nivard Cabraal signed the agreement along side his Chinese counterpart, Governor Zhou Xiaochuan in Beijing, at the premises of the People's Bank.
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