Inflation ( CCPI)1.7% (June 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.14%
12M T-Bill Rate9.95%
2Y T-Bond Rate10.10%/ 10.20%
4Y T-Bond Rate11.60% / 11.70%
USD/LKR303/304
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $2,180 Mn (May 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

The value of ISBs fell again due to the weight of the uncertainty of DDR

Interest RatesMay 9, 2023
The value of ISBs fell again due to the weight of the uncertainty of DDR

It is learned that ISB holders are demanding fair treatment for both the domestic and external creditors on the Sri Lanka Debt Restructuring. IMF proposal suggests requesting USD 14Bn debt relief from external creditors (Bilateral/ ISBs/Guaranteed SOEs Debt) for the period 2023-2027. CBSL has not yet disclosed the terms and conditions of the DDR.

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