Sri Lanka, Oct. 17 -- Stresses importance of developing domestic capital markets to reduce reliance on external borrowing Says frontier economies can obtain financing through domestic means rather than over-relying on external funding Sri Lanka's progress in improving economic performance and rebuilding invwestor confidence following its debt restructuring received thumbs up from the International Monetary Fund (IMF) this week. However, the Fund cautioned that frontier markets such as the island nation must sustain reforms amid lingering global financial risks.

"Sri Lanka has been emerging from a debt restructuring and is on the path to growth and to restoring confidence. When we look at global markets relative to frontier economies, so ...