International asset managers and economists visit Sri Lanka’s BOI, discusses investment opportunities
Sri Lanka’s Board of Investment (BOI) has recently received a high-level delegation representing top international asset managers and economists.
The delegation had included senior management from Standard Chartered Bank (Singapore), Neuberger Berman (New York), Eaton Vance/Morgan Stanley (Singapore), Ninety One Asset Management (London), VesperMare Capital (New York), and Van Eck (New York) and had consisted of current and past investors in Sri Lanka as well as sovereign capital market instruments.
According to local media reports, the representatives had met with the BOI team including Chairman Eng. Raja Edirisuriya, Director-General Renuka Weerakone and the Senior Management. The meeting was arranged by BOI Board Member Jayamin Pelpola.
Edirisuriya had explained to the delegation on the investment opportunities in Sri Lanka while discussing the short-term economic climate, plans to emerge from the status quo, and vital reforms relating to ease of doing business and the wider economy.
The discussion had also focused on a broader discussion with the BOI Investment Promotion, Research, and Policy Advocacy teams relating to the investment pipeline, and short and long-term plans for Sri Lanka.
The discussions had covered initiatives relating to both Foreign Direct Investments (FDIs) and capital markets with special focus on several sectors including renewable energy, tourism, ICT, value-added manufacturing, and education.
Sri Lanka’s economy has shown great resilience to external and internal challenges through the years and is once again on the path to recovery after facing the impact of the global pandemic and economic challenges that were brought about by it. However, Sri Lanka is on the path to recovery while also seeing an expansion in the economy. The country’s geographical positioning in the Indian Ocean, the many trade agreements as well as concessions enjoyed by the country and the ease of doing business environment have all helped boost Sri Lanka’s image as a growing business destination in the South Asian region. Sri Lanka’s business potential continues to increase while presenting a host of business/investment opportunities covering all key economic sectors, which recorded growth rates even amidst the Covid 19 pandemic. Foreign businesses/investors could therefore confidently explore the growing opportunities in Sri Lanka.
|Article Code :||VBS/AT/29042022/Z_1|