Inflation ( CCPI)1.7% (June 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.91%
12M T-Bill Rate10.21%
2Y T-Bond Rate10.65%/ 10.75%
4Y T-Bond Rate11.80% / 11.85%
USD/LKR303/304
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $1,229 Mn (March 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

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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