Sri Lanka May Permit Foreign Investments in Short Tenor Debt
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Sri Lanka may allow overseas investors to buy “shorter tenor” corporate debt as part of measures to ease foreign-exchange controls, central bank Governor Ajith Nivard Cabraal said.
Sri Lanka last month allowed foreign investors to buy listed and rated corporate debentures, a step aimed at developing its capital markets and accelerating economic growth as the South Asian nation emerges from a 26-year civil war.