Easing Capital

Government plans to ease restrictions on capital transactions to increase private investments by local companies.rn

rnSweeping exchange liberalizations including allowing non-nationals to invest in government and corporate debt will be announced within days.rn

rnAmendments to the Exchange Control Act are expected to be announced in the budget followed by an official gazette notification.rn

rnThe planned easing of Capital Account Transactions comes on the back of plans to draft new legislation for exchange management.rn

rnGovernment has already announced the plans to replace the exchange controller with an exchange management authority.(LBR)rn