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Sri lanka News – Sri Lanka will set up a logistics development programme to improve exports, imports, and investment into the island to boost trade in the crisis-hit economy.

The proposal comes as President Ranil Wickremesinghe’s administration is struggling to raise government revenue and boost investor confidence of sovereign debt defaulted island nation.

“Performance of the logistics infrastructure is another barrier for exporters, importers and investors,” President Ranil Wickremesinghe said on Monday (14) presenting the crisis-hit budget for 2023.

He proposed to introduce a three-year Logistics Development Programme from 2023 to 2027 targeting to improve the logistics performance of Sri Lanka among the first 70 countries. (Colombo/Nov16/2022)

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