Inflation ( CCPI)6.4% (Jan 2024)
GDP1.6% (3Q 2023)
Unemployment5.2% (2Q 2023)
3M T-Bill Rate9.79%
12M T-Bill Rate10.02%
2Y T-Bond Rate11.05%/ 11.10%
4Y T-Bond Rate12.20% / 12.30%
USD/LKR313/314
Reserves $4.5Bn (Jan 2024)
Cum. Trade Deficit $4,866 Mn (Dec 2023 cumulative)
Cum. Fiscal DeficitLKR 2,020 Bn (Nov 2023)

Outstanding dues for SLDBs & ISBs stand at USD 1,878Mn by end of November

Bank & FinanceDec 29, 2022
Outstanding dues for SLDBs & ISBs stand at USD 1,878Mn by end of November

In April Sri Lanka suspended selected external debts and in May defaulted on the contractual agreements on these commercial borrowings. SLDBs are under domestic debt but issued in dollars and ISBs are external debts issued in dollars. Sri Lanka now has arrears of USD 1,878Mn for ISBs and SLDBs to settle in the future debt restructuring process.

The outstanding ( not yet matured) SLDBs stand at USD 946.2Mn and ISBs stand at USD 11,550Mn as of November 2022. Even though CBSL has said there will not be a domestic debt restructuring, SLDBs are under restructuring as some of the investors are being offered LKR settlement instead of dollar settlement.

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.