T-bill outflows jump amid uncertainty

Foreign investment in domestic bonds saw a significant outflow during the first 23 days of August, reflecting a sharp decline in investor confidence. According to State Bank data released on Wednesday, foreign investors pulled out $103.5 million from treasury bills during this period. Financial market experts attribute the outflows to the country’s heated political environment and the repeated delays in securing an agreement with the International Monetary Fund (IMF), which have shattered foreign investors’ confidence. Despite efforts by high-level authorities to secure foreign investments through guarantees, investors remain uncertain about the political and economic outlook.