The Monetary Board of the Central Bank has decided to introduce number of measures to provide flexibility to Licensed Finance Companies and Specialized Leasing Companies facilitating them to support businesses and individuals affected by the outbreak of COVID-19. These measures include relaxation of regulatory requirements and granting liquidity support for needy Licensed Finance Companies. Further, arrangements have been made to provide liquidity support under Sri Lanka Deposit Insurance and Liquidity Support Scheme for Licensed Finance Companies with acceptable collaterals to facilitate urgent liquidity needs of such Licensed Finance Companies, in order to ensure the safety and soundness of Licensed Finance Companies. Several other measures to enhance the liquidity are being currently considered to inject more liquidity to the system.
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