Asian Development Outlook 2013 - Sri Lanka .
Net foreign investments on the Colombo Stock Exchange increased to $305 million, and there was a significant increase in foreign purchases of government...
securities. Net inflows to the government in 2012 grew by 20.8%, in part reflecting the disbursement of foreign loans to finance major infrastructure development projects. Foreign direct investment of around $1 billion was, however, about the same as in 2011.
The proceeds of the fifth $1 billion sovereign bond issue and the final $415 million disbursement under the Inter-national Monetary Fund standby facility helped to buoy foreign exchange inflows. Gross official reserves increased by $0.9 billion to $6.9 billion, equivalent to 4.3 months of imports (Figure 3.21.8).
In 2012, Fitch Ratings affirmed Sri Lanka’s stable sovereign rating, and Standard & Poor’s revised its foreign currency rating outlook from positive to stable.
Source: Central Bank of Sri Lanka. http://www.cbsl.gov.lk
(accessed 14 February 2013).
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