Most of the surplus emerged from debt flows as the equity flows were impacted by outflows in SCRA restricting the net inflow to $ 124.4 million during July-21 to November 2007 and postponement of launching of new privatization.
Given the commitments in pipeline, momentum in foreign flows will pick up further in the last quarter supported also by the floatation of global deposit receipts whose timing is now coordinated with the settling of domestic scenario and world financial markets which currently exhibit high spreads.