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)

Country is progressing on External debt restructuring process

IMF & Sri LankaOct 12, 2023
Country is progressing on External debt restructuring process

It is learned that Sri Lanka has agreed on the key principles and terms for debt restructuring with the Export-Import Bank of China, despite details yet to be revealed. IMF and the rest of the countries expect the debt treatment to be fair for all the bilateral creditors.

China was of the view that it would help Sri Lanka to overcome its debt problem and offer two-year grace periods for existing loans and new loans to settle the maturing loans. But Sri Lanka requires a debt cut and a much longer grace period to make the Sri Lanka debt sustainable for at least in the medium term.

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