Boosting FDIs | Daily FT

President Gotabaya Rajapaksa made special mention of Sri Lanka’s need to attract Foreign Direct Investments (FDIs) during his Independence Day address, and indeed many who are aware of the country’s economic requirements would back this need. However, successive governments have found FDIs a tough nut to crack, particularly given the slow pace of reforms. Even before the pandemic hit last year, Sri Lanka performed dismally in FDIs, attracting only $ 1.2 billion in 2019, partly due to the Easter Sunday attacks. FDI inflows in 2019 were less than the inflows of $ 2,139 million in 2018 ($ 1,457 m…

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HEDGE accordingly