Inflation ( CCPI)0.9% (March 2024)
GDP4.5% (4Q 2023)
Unemployment4.7% (3Q 2023)
3M T-Bill Rate10.17%
12M T-Bill Rate10.28%
2Y T-Bond Rate10.85%/ 11.00%
4Y T-Bond Rate12.10% / 12.20%
USD/LKR301/303
Reserves $4.517Bn (Feb 2024)
Cum. Trade Deficit $860 Mn (Feb 2024 cumulative)
Cum. Fiscal DeficitLKR 2,020 Bn (Nov 2023)

Sri Lanka expects to Restructure some SOEs to raise USD 3Bn to full fill the Gross Financial Needs

EconomicsNov 19, 2022
Sri Lanka expects to Restructure some SOEs to raise USD 3Bn to full fill the Gross Financial Needs

The government is eyeing to raise USD 7Bn for near-term financial needs. After suspending the external debt in April, Sri Lanka finds it difficult to access the external capital market for the next few years. Meantime country has exhausted its borrowing from bilateral parties such as India.

Given this situation, the current government is planning to sell or restructure some of the SOEs to raise the funds that are required to achieve debt sustainability. Sri Lanka Insurance and Sri Lanka Telecom are two such entities that are listed in the budget for this purpose.

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