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)

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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