Inflation ( CCPI)0.9% (March 2024)
GDP4.5% (4Q 2023)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.90%
12M T-Bill Rate10.21%
2Y T-Bond Rate10.85%/ 11.00%
4Y T-Bond Rate12.10% / 12.20%
USD/LKR298/299
Reserves $4.951Bn (March 2024)
Cum. Trade Deficit $860 Mn (Feb 2024 cumulative)
Cum. Fiscal DeficitLKR 2,320 Bn (Dec 2023)

Sri Lanka expects substantial debt relief to bring country's debt to sustanable

IMF & Sri LankaMar 27, 2023
Sri Lanka expects substantial debt relief to bring country's debt to sustanable

Gross External Financial Need (GEFN) is expected to be in the range of USD 6,300 Mn to 6,600 Mn from 2023 to 2025 for Sri Lanka. IMF projects that Sri Lanka requires a substantial debt relief of USD 3,300 Mn to 3,600 Mn for the period 2023 to 2025, which needs to be fill by focusing on various sources like Gov Borrowings, grants, and debt reliefs.

IMF has arrived at these debt relief figures prior to starting negotiations of the debt restructuring process to guide the process up to what extent the debt reliefs are required to make the Sri Lanka debt sustainable.

Currently, Sri Lanka’s debt is not sustainable, but the IMF board is convinced that by taking a forward-looking approach debt can be sustained as a result of achieving the above debt relief.

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.

Copyright © 2024 Charts.lk. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service, Privacy Policy and Cookies Policy.