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)

After Sri Lanka many more to default

InternationalJul 17, 2022
After Sri Lanka many more to default
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Global investors used several indicators to measure the looming default risk namely; crashing currencies, 1,000 basis point bond spreads and burned FX reserves. Sri Lanka, Lebanon, Russia, Suriname and Zambia are already in a debt default.

According to Reuters, a record number of developing countries are currently in trouble as many countries are exhibiting economic malaise similar to Sri Lanka. Analysts estimate that $400 billion of debt is at risk using 1,000 basis point bond spreads as the pain threshold.

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