Govt. records $ 156 m outflow of long-term loans

Saturday, 13 March 2021 00:20 - - {{hitsCtrl.values.hits}}

Long-term loans to the Government recorded a net outflow of $ 156 million in January, the Central Bank said yesterday in its latest external performance report.

Foreign investment in the government securities market recorded a marginal net inflow in January of $ 3 million.

The total outstanding exposure of foreign investment in the rupee denominated government securities market remained low at $ 38 million by end-January 2021.

Net outflows of $ 44 million were recorded from the secondary market of the CSE during the month of January 2021.

Gross inflows to the Government amounted to $ 55 million in January 2021 compared to $ 143 million in January 2020.

Gross official reserves at end January 2021 amounted to $ 4.8 billion. This was equivalent to 3.7 months of imports. Total foreign assets, which consist of gross official reserves and foreign assets of the banking sector, amounted to $ 7.6 billion at end January 2021, providing an import cover of 5.7 months.