Inflation ( CCPI)0.9% (March 2024)
GDP4.5% (4Q 2023)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate10.03%
12M T-Bill Rate10.23%
2Y T-Bond Rate10.85%/ 11.00%
4Y T-Bond Rate12.10% / 12.20%
USD/LKR300/301
Reserves $4.951Bn (March 2024)
Cum. Trade Deficit $860 Mn (Feb 2024 cumulative)
Cum. Fiscal DeficitLKR 2,020 Bn (Nov 2023)

The Paris Club creditors offer a 10 year moratorium on Sri Lanka’s debt

EconomicsDec 3, 2022
The Paris Club creditors offer a 10 year moratorium on Sri Lanka’s debt

Foreign media reports that the Paris Club creditors have offered a ten-year moratorium on Sri Lanka’s debt and another 15 years of debt restructuring as a formula to resolve the island nation’s current financial crisis. But the offer from India & China is yet to revealed.

Now it is understandable that Sri Lanka would not able to obtain the IMF board approval before end of December as CBSL expected, but it may dragged till March next year

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