The “Invest Sri Lanka” forum was held in Chennai organised by the Colombo Stock Exchange (CSE) in partnership with Stakeholders to promote foreign portfolio investment into the Sri Lankan Stock Market by showcasing investment opportunities.
Finance State Minister Shehan Semasinghe wrote: “Pointed out that Sri Lanka will be strengthened by carrying out deep economic reforms to rectify the basic structural weaknesses of the economy and the reforms necessary to prevent the recurrence of the main causes of macroeconomic instability have been completed. By introducing new laws such as the Anti-Corruption Law, Parliamentary Budget office and the New Central Bank Act, the necessary independence, transparency and good governance in financial management have been already established.”
Further mentioned that by managing expenditure and increasing revenue a primary surplus has been achieved in the first quarter of 2023, surpassing the IMF forecasted target. This is a significant improvement from a primary deficit of 5.7% of the GDP in 2021 and the programme to achieve a primary surplus of 2.3% of the GDP from 2025 is being implemented.
Further pointed out that Sri Lanka is carrying out all necessary reforms to achieve debt sustainability and Sri Lanka is on the right path and thus it is the best time to invest to take first advantage of a market that is key to sustainable growth.
