According to IFC website, the proposed investment comprises of a one-year Working Capital Solutions (WCS) loan of US$50 million to Commercial Bank of Ceylon under the IFC COVID 19 Emergency Response WCS Envelope (WCS FIGE), which seeks to provide private sector-focused support to help alleviate the financing needs of companies in affected countries to maintain trade flows, stabilize the economy, support employment, and restore supplies of key goods and services.
Commercial Bank of Ceylon PLC
Managing Director/ CEO
No 21, Sir Razik Fareed Mawatha,P.O. Box 856 Colombo 1, Sri Lanka.
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