This decision was reached at a meeting between Prime Minister Mahinda Rajapaksa and heads of banks on Monday (Mar. 15).
The government needs to intervene when needed to resolve issues in this regard in a manner that is fair to both parties, i.e. entrepreneurs who are unable to settle bank loans and the banks, the Premier noted.
Thereby, attention should be paid to the establishment of a government agency or the appointment of an authority that holds legal power in this regard, Prime Minister Mahinda Rajapaksa further pointed out.