Minister Amunugama meets German bankers

TOUR: Minister of Enterprise Development and Investment Promotion Dr. Sarath Amunugama on the last leg of his German tour met with leading bankers and investors in Frankfurt, last week.

He met with Wolfgang Kroh, Member of the Board of Managing Directors of KFW, which is the leading development bank of Germany. KFW has several on-going projects in Sri Lanka. The progress of these projects, particularly, lending for small and medium scale enterprises, through NDB and DFCC was discussed, and both parties agreed that these projects have been an outstanding success.

Minister Amunugama requested the bank authorities to persuade the Ministry of Development Co-operation to expand DFW lending to Sri Lanka.

Meetings were also held with high officials of the Deutshe Bank and Landesbank of Baden-Wuttemberg, regarding financing of projects by the private sector in Sri Lanka.

Particularly, attention was paid to the proposal submitted by Dorsch Group of Germany to undertake the construction of the Weerawila Airport and runway.

The Directorate for Dorsch Group expressed its willingness to undertake the above mentioned mega project and stated that it would be discussing funding arrangements with the German government.