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* AMCHAM Sri Lanka expresses concern over the political impasse, calls for a swift settlement
Tue, Dec 4, 2018, 10:26 pm SL Time, ColomboPage News Desk, Sri Lanka.

Dec 04, Colombo: The American Chamber of Commerce (AMCHAM) in Sri Lanka one of the most influential business chambers in the country, has expressed concern over the political deadlock in Sri Lanka with no legitimate government functioning at present.

Issuing a statement today, AMCHAM Sri Lanka said the impasse reached in light of the current political developments in the country sends a worrying signal to the business community, locally as well as internationally and also raised the concern highlighted by potential investors.

The chamber's concerns came in the wake of two global rating agencies Fitch Ratings and Standard & Poor's downgraded Sri Lanka on Tuesday, citing refinancing risks and an uncertain policy outlook.

The AMCHAM called on all those concerned to collaborate towards a national interest and for a swift settlement to be reached in the best interest of the country and its economy.

"The AMCHAM in Sri Lanka stands committed to implement our mandate which is to promote activities that would encourage and stimulate investment by US companies, support ongoing business operations of its members and encourage bilateral trade between the US and Sri Lanka," the Chamber said.

 

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