Inflation ( CCPI)-2.1% (Nov 2024)
GDP4.7% (2Q 2024)
Unemployment4.5% (1Q 2024)
3M T-Bill Rate8.73%
12M T-Bill Rate9.08%
2Y T-Bond Rate9.40%/ 9.50%
4Y T-Bond Rate10.55% / 10.65%
USD/LKR290/291
Reserves $6.46Bn (Nov 2024)
Cum. Trade Deficit $4,762 Mn (Oct 2024 cumulative)
Cum. Fiscal DeficitLKR 970Bn (Sep 2024 cumulative)

Sri Lanka secures ADB’s concessional financing access

InternationalJun 8, 2023
Sri Lanka secures ADB’s concessional financing access

Sri Lanka was classified as an upper-middle-income country earlier and downgraded back to a lower-middle-income country, since the country was not able to access external markets for financing, due to economic crises. Sri Lanka requested to be reclassified in May, and it has come to light now.

The government forwarded a similar request to the World Bank earlier which is being acceded.  

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