Foreign investment outflow retards even amidst current volatility

On a cumulative basis, net outflows in the government securities market amounted to US$ 96 million during the first half of the year.

Foreign investments in the CSE, including primary and secondary market transactions, recorded a net inflow of US dollars 10 million during the month of June 2019.

On a cumulative basis, the CSE recorded a net outflow of US$ 10 million in the first half of 2019, including primary and secondary market transactions.

Further, long term loans to the government recorded a net outflow of US$ 99 million during June 2019

Along with the proceeds of the International Sovereign Bond (ISB) of US$ 2 billion, issued in June 2019, the level of gross official reserves of the country increased to US$ 8.9 billion by end June 2019 (equivalent to 5.2 months of imports) from US$ 6.7 billion recorded at end May 2019.

Meanwhile, total foreign assets which consist of gross official reserves and foreign assets of the banking sector, were recorded at US$ 11.5 billion as at end June 2019, which was equivalent to 6.8 months of imports.