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)

Outstanding principle FX debt surpassed USD 4Bn by July including (SLDB USD 573Mn)

IMF & Sri LankaSep 10, 2023
Outstanding principle FX debt surpassed USD 4Bn by July including (SLDB USD 573Mn)

Sri Lanka suspended selected external debt (ISB, Bilateral, and SLDBs) in April 2022. Since then, the country has not settled the principal loan amounts and interest payments, that matured during the last 17 months. The principal amount outstanding has surpassed USD 4Bn by the end of July.

The country expects to restructure all the above loans under EDR (external debt restructuring). SLDB has been restructured by the end of September by converting the entire amount to LKR debt. But ISBs and Bilateral are yet to restructure. Interest outstanding of ISBs as of July stands at USD 1,059Mn.

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