New govt policies maybe seen as 'investor unfriendly' says global banking group
Pledges made by Sri Lanka's new president introduces some economic uncertainties said a leading international banking group, Standard Chartered Bank, stating that President Sirisena's manifesto was "perceived as investor unfriendly".
"While the election removes near-term political uncertainty, we believe it also introduces some economic uncertainty," it said in a global report, entitled, 'Sri Lanka - A Change of Guard'.
"Sri Lanka's fiscal deficit is high compared with its 'B-' rated peers and faces a heavy external debt amortization burden of 3.5 billion US dollars in 2015," it added, reported Economy Next.
"While the election removes near-term political uncertainty, we believe it also introduces some economic uncertainty," it said in a global report, entitled, 'Sri Lanka - A Change of Guard'.
"Sri Lanka's fiscal deficit is high compared with its 'B-' rated peers and faces a heavy external debt amortization burden of 3.5 billion US dollars in 2015," it added, reported Economy Next.

