JVP says expat remittances reduced by $ 2 billion
The JVP claims that expatriate remittances have decreased by USD $ 2 billion last year compared to 2020.
JVP General Secretary Tilvin Silva said investment opportunities in Sri Lanka were destroyed due to actions of politicians, despite many people being interested to invest.
Speaking to media today Tilvin Silva said Sri Lanka lost a main source of foreign revenue through expatriate remittances.
He claimed that if a new government is appointed and requests expatriates to remit their money to Sri Lanka through official channels, they will support the country.
Silva also stressed on the importance of calling for foreigners to invest in Sri Lanka.
However he claimed that many such remittances were discouraged, since politicians were requesting bribes from interested parties.
Silva noted that rebuilding expatriate revenue streams could help the country avoid taking out loans from neighbouring countries.
(Source: News Radio)
Latest Headlines in Sri Lanka
- Governor Hanif Yusoof files CID complaint against ‘Baseless’ allegations January 30, 2025
- Sri Lanka’s 77th Independence Day celebrations open to public January 30, 2025
- Former Public Administration Secretary Priyantha Mayadunne arrested January 30, 2025
- Sri Lankan Prime Minister stresses humanitarian focus in “Clean Sri Lanka” program January 30, 2025
- Industry Minister Handunnetti reviews Lanka Mineral Sands factory operations January 30, 2025
