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)

One country, Nine default, Argentinian history of Debt Defaults

InternationalApr 13, 2022
One country, Nine default, Argentinian history of Debt Defaults
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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