Inflation ( CCPI)1.7% (June 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.55%
12M T-Bill Rate10.07%
2Y T-Bond Rate10.55%/ 10.65%
4Y T-Bond Rate11.80% / 11.85%
USD/LKR303/304
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $2,180 Mn (May 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

The hydro electricity generation has picked up in recent weeks

EnergyMay 12, 2022
The hydro electricity generation has picked up in recent weeks
Sri Lanka had a bad drought which resulted in low utilization of water resources to generate electricity. The use of coal and thermal power from oil had to increase for electricity generation, which errored the limited foreign currency reserves. The seasonality pattern of the electricity generation indicates a higher contribution of hydroelectricity generation ahead.

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