Bloomberg - As Sri Lanka stabilizes after an unprecedented default in 2022, global investors will return if the country is perceived to be on the right track, according to Sweden’s Tundra Fonder AB.

Since a restructuring of Sri Lanka’s dollar bonds in December, the country’s economic expansion has beaten forecasts and its credit ratings have been upgraded, though it still has just a 0.7% weighting in the MSCI Frontier Emerging Markets Index. Global investors accounted for about 10% of the country’s stock turnover in 2024, more than double the level in 2021. So far this year, foreigners have been sellers of the shares, but market participants in the country are hosting a two-day conference in Colombo starting Thursday to try to boost interest.