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)

Disclosure delay of the debt restructuring agreement between China EXIM Bank & Sri Lanka delays Paris Club agreement

IMF & Sri LankaNov 5, 2023
Disclosure delay of the debt restructuring agreement between China EXIM Bank & Sri Lanka delays Paris Club agreement

The Sunday Morning reported that the Paris Club consortium is still waiting for the final agreement reached between Sri Lanka and China’s Exim Bank for restructuring USD 4.2Bn Sri Lanka’s debt before giving the green light to restructure their debts.

Sri Lanka and China’s Exim Bank reached the agreement three weeks ago, but have yet to disclose the details of the content of the agreement. Media reported further, “The Government (Sri Lanka) has already requested the Chinese side for permission to share the agreement with the Paris Club, but there has not been any response yet,” the source explained

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