Inflation ( CCPI)0.9% (May 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.39%
12M T-Bill Rate9.90%
2Y T-Bond Rate10.10%/ 10.20%
4Y T-Bond Rate11.10% / 11.25%
USD/LKR304/305
Reserves $5.4Bn (May 2024)
Cum. Trade Deficit $1,229 Mn (March 2024 cumulative)
Cum. Fiscal DeficitLKR 2,320 Bn (Dec 2023)

Sri Lanka passes through the initial deadline to complete the DDO/DDR

IMF & Sri LankaJul 31, 2023
Sri Lanka passes through the initial deadline to complete the DDO/DDR

Sri Lanka planned to execute the DDO/DDR within a month as it does not apply to a wider range of investors. Most of the Government securities proposed for restructuring are held by EPF/ ETF/CBSL and SLDBs within a few banks.

But out of Superannuation funds, EPF holds 80%, ETF 11%, and Public Service Provident Fund 2%. It is learned that about 117 small-scale approved Pension and Provident Funds (APPFs) exist that are managed by the private sector as of the end of 2022.

Meanwhile, out of SLDBs 87.5% are held by local banks and the rest is with domestic and non-resident institutions and individuals.

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