According to the latest State Bank figures, Net Foreign Investment for the period of July – September FY ’18 fell by 1.4%. The reported period witnessed a decline of $ 7.5 million to reach $ 534 million against previous year's total of $ 541.7 million.
However, Foreign Direct Investment the key figure which represents the amount invested for foreigners in the local economy increased by a whopping 56% during the July – September period. FDI brought in a total of $662 million cash inflows in the economy whereas the net outflows for the period totalled $ 10.2 million.
July – September | Change over July – September FY '17 | |||
FY '17 (R) | FY '18 (P) | Absolute | %age | |
Direct Investment | 450.9 | 583.7 | 132.9 | 29.5 |
Inflow | 423.4 | 661.9 | 238.5 | 56.3 |
Outflow | 100.3 | 110.4 | 10.2 | 10.1 |
Net Foreign Public Investment, in the Debt Securities (Net Sale/Purchase of special US $ Bonds) witnessed a -154.7% decline, with an absolute change of $ -140.4 million in the perios under review.
July – September | Change over July – September FY '17 | |||
---|---|---|---|---|
FY '17 (R) | FY '18 (P) | Absolute | %age | |
Foreign Public Investment | 90.8 | (49.6) | (140.4) | (154.7) |
Equity Securities | ||||
Debt Securities | 90.8 | (49.6) | (140.4) | (154.7) |
During the fiscal year, 2016 – 17 the net foreign investment in the country reached a total of $ 2.48 billion.