Inflation ( CCPI)35.3% (April 2023)
GDP-12.4% (4Q 2022)
Unemployment4.8% (4Q 2022)
3M T-Bill Rate25.60%
12M T-Bill Rate22.97%
2Y T-Bond Rate29.25%/ 30.00%
4Y T-Bond Rate27.25% / 27.35%
USD/LKR297/298
Reserves $2.75Bn (April 2023)
Cum. Trade Deficit $862Mn (March 2023)
Cum. Fiscal DeficitLKR 2,300 Bn (Dec 2022)

Foreign ownership of EM local government debt signals capital outflow risk among some EMs

InternationalJun 10, 2021
Foreign ownership of EM local government debt signals capital outflow risk among some EMs
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As per Tellimer Research, Non-resident holdings of domestic government debt in EM have declined post-Covid relative to history. Larger EM generally showing higher levels but also greater declines. But those with elevated non-resident holdings (absolute and versus history) face greater risk of capital outflows.

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