Inflation ( CCPI)1.5% (Oct 2023)
GDP-3.1% (2Q 2023)
Unemployment5.2% (2Q 2023)
3M T-Bill Rate15.29%
12M T-Bill Rate12.94%
2Y T-Bond Rate14.45%/ 14.50%
4Y T-Bond Rate14.70% / 14.80%
Reserves $3.56Bn (Oct 2023)
Cum. Trade Deficit $3,307 Mn (Sep 2023 cumulative)
Cum. Fiscal DeficitLKR 1,614 Bn (Sep 2023)

Sri Lanka Bondholders Tell IMF They Are Ready for Debt Talks

InternationalFeb 3, 2023
Sri Lanka Bondholders Tell IMF They Are Ready for Debt Talks

A group of Sri Lanka’s ISB holders has written to the IMF expressing their willingness to engage in quick debt restructuring talks. India has already written to the IMF with the assurances of financing, while the members of the Paris Club have expressed that they will formally support the debt restructuring process.

This positive news boosted the stock index ASPI by 1.9% to its highest in nearly four months. Furthermore, the longer-term government bonds gained and CBSL managed to sell a substantial amount of T-Bills to market at the second phase to rollover the short-term debt matured today.


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.