COLOMBO, June 19 (Xinhua) -- Sri Lankan President Ranil Wickremesinghe on Wednesday revealed plans to create a new commercial bank, an economic commission and an institute called "Enterprise Sri Lanka" to promote a competitive and digitalized green economy, the President's Media Division (PMD) said.
Wickremesinghe said at the opening ceremony of an international industry exhibition that Sri Lankan industrialists need to secure loans at low interest rates and the new commercial bank will help address the need.
The president said the industries must be powered through green energy sources and the country is working on significantly increasing the share of renewables in the country's energy mix.
He also announced forthcoming negotiations with creditor countries on debt restructuring, saying that the government is expected to reach an agreement with the creditor nations within the next few weeks. ■
