RegAlertRule · CBSL · 24 Jul 2020 · Operating Instruction No. 35/03/023/0001/003
Amendments to Liquidity Facility for Government Contractors and Suppliers in Construction and Pharmaceutical Sectors
The Central Bank of Sri Lanka has expanded its Liquidity Facility to the Construction Sector to include contractors and suppliers in the pharmaceutical and other identified sectors. This amendment allows eligible entities to access credit facilities upon the Treasury issuing Letters of Acceptance for outstanding bills due from the Government. The Monetary Board retains the authority to designate additional sectors for this facility based on ongoing economic exigencies.
ශ්රී ලංකා විශ්ව මුද්රා බැංකු
දිගුකාලික මුද්රාව වාර්තාව
CENTRAL BANK OF SRI LANKA
ළුණු සාමාන්ය අංශය
දෙමළුන් අංශය
Domestic Operations Department
24 July 2020
Operating Instructions No.: 35/03/023/0001/003
To: CEO’s of All Licensed Commercial Banks
Amendments to the Operating Instructions of the “Liquidity Facility to the Construction Sector upon Letter of Acceptance of Payments of Outstanding Bills Due to Contractors Issued by the Treasury on behalf of the Government”
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You are hereby informed that as decided by the Monetary Board of the Central Bank of Sri Lanka, the credit facility provided under the scheme of “Liquidity Facility to the Construction Sector (LFCS)” has been expanded to cover the contractors and suppliers of the Government in the Construction, Pharmaceutical Sectors and such other identified sectors upon a Letter of Acceptance of Payments of Outstanding Bills Due to such Contractors and Suppliers of the Government.
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Accordingly, the LFCS as stated in the Operating Instructions No. 35/03/023/0001/002 issued on 03.07.2020 has been renamed as “Liquidity Facility to Contractors and Suppliers of the Government in the Construction, Pharmaceutical Sectors and such other identified sectors, to be granted upon the due issuance by the Treasury on behalf of the Government, of Letters of Acceptance of Payments of Outstanding Bills Due to such Contractors and Suppliers of the Government”.
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Consequent to the above-mentioned amendments, the contents and the schedules of the Operating Instructions No. 35/03/023/0001/002, shall be applicable to Contractors and Suppliers of the Government in the Construction, Pharmaceutical Sectors and such other identified sectors.
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“Other identified sectors” eligible under this facility will be decided by the Monetary Board from time to time given the continuing exigencies and such decisions will be informed accordingly.
Director/Domestic Operations
7 වැනි මාලාව, 2 වැනි කුඩා මාලාව
අංක 30, ජානාඩිපති මාවතා
පො. බො. 590, කොළඹ 01, ශ්රී ලංකාව
+94 112 477036
+94 112 346287
ddod@cbsl.lk
Level 7, Tower 2
No. 30, Janadhipathi Mawata
P.O. Box 590, Colombo 01, Sri Lanka
www.cbsl.gov.lk
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Source: Central Bank of Sri Lanka — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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