Inflation ( CCPI)0.9% (May 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.39%
12M T-Bill Rate9.90%
2Y T-Bond Rate10.10%/ 10.20%
4Y T-Bond Rate11.10% / 11.25%
USD/LKR304/305
Reserves $5.4Bn (May 2024)
Cum. Trade Deficit $1,229 Mn (March 2024 cumulative)
Cum. Fiscal DeficitLKR 2,320 Bn (Dec 2023)

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
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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