Authority to regulate Microfinance loans

The Government is to establish an independent authority to regulate and develop Microfinance loans, the office of Prime Minister Ranil Wickremesinghe said .The relevant Draft Legal Framework has been included in the Department of Project Management and Monitoring web site. The Government is to obtain public observations, comments and recommendations/proposals in this regard, the Prime Minister’s office said. Public comments can be forwarded to U.G. Ratnasiri, Additional Secretary, Ministry of Policy Planning, Economic Affairs, Child, Youth and Cultural Affairs, Old Times Building, 1st Floor, Bristol Street, Colombo 01 or to the e-mail address ratnasiriudalamatta@yahoo.co.uk Public comments can also be conveyed through the Telephone Numbers 011-3010205 or 077-7003849. (Colombo Gazette)