(LANKAPUVATH | COLOMBO) – State Minister of Finance Shehan Semasinghe says that, as Sri Lanka positions itself to embark on rapid economic recovery followed by sustainable, equitable growth, it is an ideal time for investors to position themselves to benefit from investing in Sri Lanka.
He said this while addressing the “Invest Sri Lanka”- Investor forum in India – Chennai and Mumbai (09), which is organized by the Colombo Stock Exchange in association with the Confederation of the Indian Industry (CII) and Stockbroker Firms. This is a series of forums that is promoting foreign portfolio investment into the Sri Lankan stock market by showcasing investment opportunities in Sri Lanka.
While addressing this forum, State Minister highlighted that Sri Lanka’s attractiveness from an investment perspective, which has long been apparent but has been thwarted by persistent macroeconomic imbalances. He said that the recent economic crisis has been a catalyst for the long ignored reforms that would finally put an end to these economic vulnerabilities.
“We believe that this provides Sri Lanka with the opportunity to finally fulfil the tremendous potential that has been suppressed for too long. This creates great opportunity from an investment perspective across multiple asset classes.
As inflation returns to single digit levels, locked in by strong institutional and legislative reforms, the expected decline in interest rates creates clear opportunities in both equity and fixed income markets.
At a firm level the decline in interest rates will ease finance costs that have hurt the bottom line for many companies in the recent past. Furthermore, lower rates will spur investment in anticipation of economic growth in the coming period.” State Minister added.