Home » EU supports Sri Lanka’s Cinnamon development with IFC expertise

EU supports Sri Lanka’s Cinnamon development with IFC expertise

written by MIAP Source

July 14, Colombo (LNW): The European Union (EU) has announced its support for Sri Lanka’s newly established Department of Cinnamon Development through the Export Agriculture in Sri Lanka project, as stated by the EU Delegation to Sri Lanka and the Maldives.

The EU’s statement highlighted that the International Finance Corporation (IFC) will contribute its expertise to enhance Ceylon cinnamon exports to premium markets by focusing on quality improvement initiatives.

The project aims to enforce quality standards, build the capacity of field officers and farmer organisations, and provide advanced technology to boost cinnamon production.

President Ranil Wickremesinghe recently inaugurated the Department of Cinnamon Development, which is dedicated to the cultivation and enhancement of cinnamon production.

This department seeks to increase cinnamon output by employing advanced techniques and support systems to elevate the industry.

During the inauguration ceremony, select cinnamon entrepreneurs were awarded Geographical Indications (GI) certificates.

These distinctions recognise the highest standards in cinnamon cultivation and production, setting a benchmark for quality and excellence in the industry, the EU delegation’s statement added.

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written by MIAP Source

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