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)

Sri Lanka extends the DDR deadline for the third time, till 11th September

IMF & Sri LankaAug 28, 2023
Sri Lanka extends the DDR deadline for the third time, till 11th September

Sri Lanka is expected to complete the DDR before the 1st review of IMF bail-out package of USD 2.9Bn. The IMF team is expected to carry out the country review from September 14th onward. Due to the mounting pressure on restructuring of country’s largest social security fund and legislative barriers, the full implementation of the DDR has been delayed.

But dollar-denominated domestic debt (SLDB) restructuring was concluded by the CBSL a week ago with private investors.

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