Inflation ( CCPI)1.5% (Oct 2023)
GDP-3.1% (2Q 2023)
Unemployment5.2% (2Q 2023)
3M T-Bill Rate15.29%
12M T-Bill Rate12.94%
2Y T-Bond Rate14.45%/ 14.50%
4Y T-Bond Rate14.70% / 14.80%
USD/LKR327/328
Reserves $3.56Bn (Oct 2023)
Cum. Trade Deficit $3,307 Mn (Sep 2023 cumulative)
Cum. Fiscal DeficitLKR 1,614 Bn (Sep 2023)

Sri Lanka is plaining to become the first country to be free of chemical fertilizer

OtherMay 3, 2021
Sri Lanka is plaining to become the first country to be free of chemical fertilizer
The President has pledged to completely halt the importation of chemical fertilizers in the near future. With the price hike of crude oil, the fertilizer bill is expected to cost the government $ 300- $400 in 2021. Meanwhile, two shipments of fertilizer from China have been turned away two days back and banks have been directed to suspend issuing LCs for fertilizer imports.

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