Fitch says SL FDI modest compared with peers

Rating agency Fitch has said that Sri Lanka is showing strength in economic growth, however Foreign Direct Investment (FDI) remains modest compared with rated peers, leading to rising external indebtedness.

A statement by Fitch Ratings said that this could be a source of vulnerability as central banks in major economies tighten global funding conditions.

The agency released a report on Tuesday, which says mobilising more domestic savings could help fund growth without increasing reliance on foreign capital.

See report here (subscription).

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