Rolling out efforts to capitalize on the upcoming Colombo International Financial Center, the MoU was inked with the objective of working on a collective mission to establish an International Multi-Currency Exchange within the Port City Colombo.

A statement to the media the CSE shared that the exchange will serve as a gateway for both regional and global investors, whilst also providing an ideal platform for Sri Lankan and overseas corporates to issue foreign currency bonds and equities. The move would also allow the development of other financing and risk management instruments across asset classes, it said.

The CSE stressed that the collaboration will identify and help attract a global stock exchange to partner with the CSE in establishing a modern world-class trading exchange, which will position Sri Lanka as a hub for capital raising in the South Asian and the ASEAN region.

The capital market operator added that it will also work with the regulators in providing a conducive environment for a well-functioning market while introducing state-of-the-art modern technology, which will drive liquidity and seamlessly introduce new products and services at the exchange.