Despite credit being readily available, Sri Lanka’s exporters say they don’t want to borrow because they can’t expand their businesses in the present economic conditions - despite the end of the war.
“Exporters are not borrowing because they are not expanding,” National Chamber of Exporters (NCE) President Sarath de Silva said last week.
High electricity tariffs, the loss of trade concessions from the EU and US, and a stronger rupee made it difficult to survive in the global export market, he said.
(See reports in The Island and the Sunday Times)