Prime Minister Ranil Wickremesinghe today (15) met with representatives of the commercial banks to discuss the loans requested by Rice Mill Owners.
During the meeting, the Minister of Trade, Commerce, and Food Security, Nalin Fernando, informed that while the banks were not dispersing the requested loans sufficiently, there was also hoarding of rice stocks taking place.
The Prime Minister Media Division said, the Prime Minister thereby, instructed the Central Bank and Treasury officials to monitor the banks’ lending policies.
Prime Minister Ranil Wickremesinghe also instructed the officials to ensure that the loans provided by the Bank of Ceylon were in line with the Government’s financial policies.
The Prime Minister also said that the Government would introduce new legislation that will govern Rice Mill Owners and Silo Owners to prevent future hoarding of food stocks. (NewsWire)