Loans to the private borrowers from commercial bank in Sri Lanka picked was 23 billion rupees in March 2019, sharply below the 50 to 60 billion rupees seen in 2018, official data shows but has picked up from 7.6 billion rupees in February, official data shows. Private credit was negative in January and expanded only 7.6 billion rupees in February, indicating a sharp downturn in economic activities after the collapse of the currency in the last quarter of 2018. – Economynext

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