Inflation ( CCPI)-0.8% (Oct 2024)
GDP4.7% (2Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.35%
12M T-Bill Rate9.95%
2Y T-Bond Rate10.37%/ 10.45%
4Y T-Bond Rate11.80% / 11.90%
USD/LKR292/293
Reserves $5.99Bn (Sep 2024)
Cum. Trade Deficit $3,584 Mn (Aug 2024 cumulative)
Cum. Fiscal DeficitLKR 910Bn (Aug 2024 cumulative)

Sri Lanka miss the target to reach IMF Board level agreement within 2022

InternationalDec 14, 2022
Sri Lanka miss the target to reach IMF Board level agreement within 2022

It is learned that IMF Board-level approval for the facility of USD 2.9Bn would not possible within 2022. Sri Lanka must obtain official consent, especially from the main bilateral creditors namely China and India, which hold over 60% of the bilateral debts.

It is still unclear the stance of China on the debt restructuring in Sri Lanka as a large number of countries are in the pipeline to follow the debt restructuring. Therefore it might not be easy for China to treat Sri Lanka differently than others.

Disclaimer

Charts represents an assessment of the market environment as of the date indicated and it is subject to change; and is not intended to be a forecast of future events or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the funds or any issuer or security in particular. The strategies discussed are strictly for illustrative and educational purposes and should not be construed as a recommendation to purchase or sell, or an offer to sell or a solicitation of an offer to buy any security. There is no guarantee that any strategies discussed will be effective.

The information presented does not take into consideration commissions, tax implications, or other transactions costs, which may significantly affect the economic consequences of a given strategy or investment decision. This document contains general information only and does not take into account an individual’s financial circumstances. An assessment should be made as to whether the information is appropriate in individual circumstances and consideration should be given to talking to a financial advisor before making an investment decisions.