The “Invest Sri Lanka Investor Forum” organized by the Colombo Stock Exchange (CSE) and the Securities and Exchange Commission of Sri Lanka (SEC) ) drew a strong interest among the investor community in New York.
The initiative was done in association with CSE Member Firms, Listed Companies and supported by Asia Securities (Event Sponsor) and the Oxford Business Group (Exclusive Publication Partner
A Sri Lankan delegation including senior representatives of the CSE, SEC, Stock Broker Firms and Listed Companies attended the Forum to make a collective case on the Sri Lankan capital market as an investment destination. Remarks made by policy makers and capital market leaders on the economic outlook for the country and investment opportunities surrounding progressive reforms were well received by participants, who expressed their confidence in the way forward for Sri Lanka.
One-on-one,group discussions between investors which included representatives of the largest frontier and emerging market funds and Sri Lankan listed companies, were well attended and featured John Keells Holdings PLC, Commercial Bank PLC, Sampath Bank PLC, Tokyo Cement (Lanka) PLC, Teejay Lanka PLC, Dialog Axiata PLC, People’s Leasing & Finance PLC, MTD Walkers PLC and Sunshine Holdings PLC.
Addressing the forum as the keynote speaker and at the backdrop of the IMF reaching a staff-level agreement on the third review of Sri Lanka’s Extended Fund Facility, the Governor of the Central Bank Dr. Indrajit Coomaraswamy said that the... ...macroeconomic stabilization of the economy is broadly on track and that the structural reforms implemented over the past two years are showing signs of gaining traction.
The Governor added that the Central Bank is well advanced in putting in place a flexible inflation targeting regime and added, “the narrative is that the macroeconomics are improving, you have a tremendous location, you have a shift to a growth model which is capable of giving you more sustainable growth and the policies are being put in place to support that growth model.
The growth framework is being strengthened through action in terms of the investment climate, investment promotion, trade facilitation and trade policy complemented by a pipeline of very ambitious projects. Sri Lanka has raised its ambition because it is now getting support from all corners of the world.”
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