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BOI signs MoU with OBG

The Board of Investment (BOI) signed a Memorandum of Understanding (MoU) with Oxford Business Group (OBG), a global publishing, research and consultancy firm, for its forthcoming report on Sri Lanka's economy.

The report 'Sri Lanka 2016' will analyse the current drivers of economic growth, which include industry and construction, while exploring the country's expanding tourism sector.

The publication will also offer in depth analysis of the part that exports play in maintaining the economic boom, led by textiles and tea.Executive Director, Investment Promotion, BOI, Renuka Weerakone said, "Sri Lanka's fast-paced growth, which has topped 7% over the past two years, is attracting the attention of investors keen to learn more about what the country has to offer."

"Oxford Business Group's report will play a vital role in this regard, filling information voids and relaying the opportunities and investment incentives available here.

I look forward to supporting its team as it begins research for this important country report."OBG's Managing Editor for Asia, Paulius Kuncinas said he expected the Group's 2016 report on Sri Lanka to analyse what the country's promotion to middle-income economy signalled beyond the short term.

"Investors are concerned about elections and political transition this year. However, forecasts of stronger growth in advanced economies bode well for exports, while the country should also gain from higher consumption at home," he said.

"Sri Lanka's Board of Investment has an in-depth understanding of these and other shifts taking place in the country's economic landscape, which will be of key interest to the international investment community. I welcome the opportunity to work with its representatives on this landmark report which we're confident will prove to be a valuable tool for industry leaders."

The Report: Sri Lanka 2016 will be a vital guide to the many facets of the country, including its macroeconomics, infrastructure, banking and other sectoral developments. The publication is expected to be published in Q4 of 2015 and will be available in print or online.

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