Inflation ( CCPI)6.4% (Jan 2024)
GDP1.6% (3Q 2023)
Unemployment5.2% (2Q 2023)
3M T-Bill Rate9.79%
12M T-Bill Rate10.02%
2Y T-Bond Rate11.05%/ 11.10%
4Y T-Bond Rate12.20% / 12.30%
USD/LKR313/314
Reserves $4.5Bn (Jan 2024)
Cum. Trade Deficit $4,866 Mn (Dec 2023 cumulative)
Cum. Fiscal DeficitLKR 2,020 Bn (Nov 2023)

IMF & Sri Lanka

FeaturedFeb 14, 2024

Sri Lanka send revised debt restructuring proposals to bond holder via its legal and financial advisors

International media reported earlier that Sri Lanka ISB bondholders were not happy with the progress we made so far on negotiations. The government had initially proposed a 30% haircut with debt reprofiling. Details of the revised proposal are yet to be made available.

Rob Hawcroft has suggested a potential compromise involving a 25% haircut and approximately 2 1/2 years of Past Due Interest (PDI), aiming for a par recovery in the high 80s, nearly 90 cents. Additionally, two new bonds, with maturities of 5 years and 10 years, and a 6%

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