The Central Bank of Sri Lanka’s grace period for debt restructuring of small and medium-scale enterprises (SMEs) impacted by the economic crisis concludes today.
Key Details:
- The grace period was introduced alongside the suspension of the Parate law enforcement, which also ends today.
- Licensed banks and the Credit Information Bureau (CRIB) will collaborate to establish a structured debt restructuring framework.
- The Ministry of Finance urges SMEs that have not yet engaged with banks regarding debt restructuring to finalize discussions today to avoid potential legal enforcement measures.
