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)

China reclassified some of the bi-lateral loans to commercial loans

Bank & FinanceFeb 8, 2023
China reclassified some of the bi-lateral loans to commercial loans

Authorities have published a new version of Bi-lateral debt where the previous (Sep investor presentation) total debt was USD 14.1Bn and the latest version is USD 11.2Bn. Probably close to USD 2.9Bn of Chines bi-lateral debt would have been reclassified under commercial debt.

The new figures make China weigh less than 50% of the Bilateral debt stock allowing more weight to the west to proceed with the restructuring process.

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