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%
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $2,180 Mn (May 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

Litigation against Sri Lanka by Hamilton Reserve Bank Ltd on defaulted ISBs diluted

InternationalOct 23, 2022
Litigation against Sri Lanka by Hamilton Reserve Bank Ltd on defaulted ISBs diluted

As per the Attorney-at-Law Manjuka Fernandopulle, Hamilton Reserve Bank (HRB) has become redundant after it was forced to drop the 2nd and 3rd claims made under the pari passu clause of the indenture of the International Sovereign Bond (ISB).

He further states “ it appears that HRB has accepted defeat in the novel hold-out strategy it had previously relied on”. It would be in the bank’s best interests to take part in the debt restructuring process with other creditors going forward, he noted. 


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