President suggests investing EPF and ETF funds abroad

October 4, 2023 08:05 pm

President Ranil Wickremesinghe suggests that part of the money from the Employees Provident Fund (EPF) and Employees’ Trust Fund (ETF) should be invested abroad.

Speaking in Parliament today (04), Wickremesinghe stated that the government will bring in both the EPF and ETF under an independent board for the future actions in this regard.

“We want both EPF and ETF to be brought in. The question is that the other independent funds also should come into it”, the President expressed.

“Part of that money should be allowed to be invested abroad. I think we should.”

“As the situation improves, these are the savings of people in the country. So we’ll allow it to be even invested abroad. Let us..”

“We should discuss about this”, he added.

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