Inflation ( CCPI)1.5% (April 2024)
GDP4.5% (4Q 2023)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate8.76%
12M T-Bill Rate9.29%
2Y T-Bond Rate10.00%/ 10.05%
4Y T-Bond Rate10.70% / 10.80%
USD/LKR299/300
Reserves $5.438Bn (April 2024)
Cum. Trade Deficit $1,229 Mn (March 2024 cumulative)
Cum. Fiscal DeficitLKR 2,320 Bn (Dec 2023)

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
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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