Though private sector credit growth had eased last year, data suggested it was on track to reach a targeted 16% in 2018, said Michael Todemann, Oxford Business Group (OBG’s) editorial manager in Sri Lanka.
“A national drive is under way to support smaller enterprises and encourage FDI is steering the country towards the next phase of its economic development, with new measures aimed at enhancing the business climate expected to provide a further boost,” he said.
A new report by Oxford Business Group (OBG) on Sri Lanka’s economy highlighted efforts under way to encourage the larger, State-owned banks to list on the Colombo Stock Exchange (CSE). Sri Lanka in 2018 will track the measures put in place to facilitate the listing of major lenders, which forms part of a broader, national bid to generate capital and boost the exchange’s value.
OBG’s publication will also provides a wide-ranging analysis of the other segments that are expected to play a key role in the development of Sri Lanka’s capital markets.
These include companies producing building materials such as cement and commercial vehicle retailers, both of which look set to benefit from heightened construction activity, fuelled by a growing project pipeline. In addition, the report will consider the positive impact that improved access to the EU market under the Generalised System of Preferences (GSP) Plus is having on Sri Lanka’s exports, which bodes well for manufacturers and firms operating in related sectors, such as transport and logistics. Sri Lanka 2018 Report will mark the culmination of more than six months of field research by a team of analysts from Oxford Business Group.
It will be a vital guide to the many facets of the country, including its macroeconomics, infrastructure, banking and other scrotal developments.
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