Inflation ( CCPI)4.0% (Aug 2023)
GDP-3.1% (2Q 2023)
Unemployment4.8% (4Q 2022)
3M T-Bill Rate18.12%
12M T-Bill Rate13.32%
2Y T-Bond Rate14.60%/ 15.00%
4Y T-Bond Rate14.50% / 14.90%
USD/LKR322/323
Reserves $3.60Bn (Aug 2023)
Cum. Trade Deficit $2,623 Mn (July 2023 cumulative)
Cum. Fiscal DeficitLKR 1,243 Bn (June 2023)

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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