Govt. gross inflows dip to $ 2 b from $ 6.5 b last year: CB

Saturday, 13 February 2021 00:28 - - {{hitsCtrl.values.hits}}

Total outflow from Govt. securities reach $ 553 m
But exposure of rupee denominated market only $ 37 m
CSE records $ 225 m outflow from both primary and secondary markets

Gross inflows to the Government in 2020 dropped from $ 6.5 billion to little over $ 2 billion in 2020, the Central Bank said in its External Performance Report for last year.

Foreign investment in the government securities market recorded a marginal net outflow during the month. A net outflow of foreign investment amounting to $ 10 million was recorded in the rupee denominated government securities market in December 2020, increasing the cumulative net outflow to $ 553 million during 2020.

The total outstanding exposure of foreign investment in the rupee denominated government securities market remained low at $ 37 million by end December 2020.

There were net outflows of $ 16 million from the secondary market of the CSE in December 2020. On a cumulative basis, the CSE recorded a net outflow of $ 225 million, from both primary and secondary markets, during 2020.

Meanwhile, long-term loans to the Government recorded a net outflow of $ 9 million in December 2020.

Trade deficit shrinks $ 2 billion in 2020

Tourism earnings estimated at $ 957 m