Inflation ( CCPI)35.3% (April 2023)
GDP-12.4% (4Q 2022)
Unemployment4.8% (4Q 2022)
3M T-Bill Rate25.60%
12M T-Bill Rate22.97%
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 $862Mn (March 2023)
Cum. Fiscal DeficitLKR 2,300 Bn (Dec 2022)

One country, Nine default, Argentinian history of Debt Defaults

InternationalApr 13, 2022
One country, Nine default, Argentinian history of Debt Defaults
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Argentina has a history of borrowing too much with insufficient fiscal and monetary restraints. Last year, 2020 they identified the inability to service of its debt obligation and struck a deal with IMF to avoid another default in 2022. This indicates the country is still unable to lay a better foundation to the last longing structural issues.

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