Inflation ( CCPI)35.3% (April 2023)
GDP-12.4% (4Q 2022)
Unemployment4.8% (4Q 2022)
3M T-Bill Rate25.60%
12M T-Bill Rate22.97%
2Y T-Bond Rate29.25%/ 30.00%
4Y T-Bond Rate27.25% / 27.35%
Reserves $2.75Bn (April 2023)
Cum. Trade Deficit $862Mn (March 2023)
Cum. Fiscal DeficitLKR 2,300 Bn (Dec 2022)

Sri Lanka International sovereign bond gains along with IMF Board Level Agreement

Interest RatesMar 22, 2023
Sri Lanka International sovereign bond gains along with IMF Board Level Agreement
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Sri Lanka has issued USD 12.55Bn ISNs in total, out of which USD 1.0Bn is defaulted and USD 667Mn of interest payment is in arrears as at end of February 2023. The Long-Term Foreign-Currency Credit rating of Sri Lanka is at Default status. Despite all, Sri Lanka ISBs gained in the international market.

IMF in its statement says “For external private debt, a principal reduction is assumed, with amortization beyond the program period, implying a large NPV reduction.”


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