Source: Lanka Business Online

November 17, 2006 (LBO) - Sri Lanka said Thursday they were exploring the possibility of setting up a 40 million dollar government guaranteed fund with World Bank assistance, to encourage private investment in the war torn north and east, officials said.

Mooted under the Multilateral Investment Guaranty Agency or MIGA arm of the World Bank, the proposal is styled on the lines of MIGA sponsored initiatives in conflict affected countries, Srilal Perera, Chief Counsel Operations, MIGA's Legal Affairs and Claims Group said.

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Posted by pichu at November 17, 2006 8:08 PM