Inflation ( CCPI)1.7% (June 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.14%
12M T-Bill Rate9.95%
2Y T-Bond Rate10.10%/ 10.20%
4Y T-Bond Rate11.60% / 11.70%
USD/LKR303/304
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $2,180 Mn (May 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

Chinese lenders continue to provide global debt relief in 2020 and 2021

Global IndexesApr 2, 2021
Chinese lenders continue to provide global debt relief in 2020 and 2021
Two official Chinese bilateral creditors (Eximbank and CIDCA) have provided G20 DSSI relief to 23 countries worldwide amounted to over USD 10.0Bn. Between 2000 and 2019, SAIS-CARI estimated Chinese financiers signed 1,141 loan commitments worth US$153 billion with African governments and their state-owned enterprises. China had canceled interest-free loan debts due to mature at the end of 2020 in 15 African countries. Yet other Chinese banks, the China Development Bank (CDB) and the Industrial and Commercial Bank of China (ICBC), have been implementing COVID-19 era debt relief outside of the G20 program.

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