Inflation ( CCPI)25.2% (May 2023)
GDP-12.4% (4Q 2022)
Unemployment4.8% (4Q 2022)
3M T-Bill Rate25.65%
12M T-Bill Rate22.91%
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 $1,443Mn (April 2023 cumulative)
Cum. Fiscal DeficitLKR 2,300 Bn (Dec 2022)

Sri Lanka continue to better-off with favorable weather condition for hydro electricity generation

EnergyOct 7, 2021
Sri Lanka continue to better-off with favorable weather condition for hydro electricity generation
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Sessional weather patterns have reduced the usage of the costly thermal electricity generation in Sri Lanka. Rising oil prices would have cost more and be detrimental for Sri Lanka this year considering the foreign exchange liquidity crises. Average monthly electricity generation has reverted back to normality after country is easing off the stringency restriction imposed due to the higher spread of COVID19.

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