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 is moving closer to reaching an agreement with the official creditor committee - Media

IMF & Sri LankaNov 29, 2023
Sri Lanka is moving closer to reaching an agreement with the official creditor committee - Media

It is learned that Sri Lanka has received a debt restructuring proposal from an official creditor committee to restructure the bilateral debt. The country has already agreed with EXIM- Bank China (USD 4.0Bn). Along with this agreement, Sri Lanka would be able to restructure USD 10.9Bn debt which is 30% of the total central Government external debt.

This progress would help the country secure the IMF board approval, however, the agreement with private creditors is still pending. Private creditors own 40% of the Sri Lankan central government’s external debts.

Disclaimer

Charts represents an assessment of the market environment as of the date indicated and it is subject to change; and is not intended to be a forecast of future events or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the funds or any issuer or security in particular. The strategies discussed are strictly for illustrative and educational purposes and should not be construed as a recommendation to purchase or sell, or an offer to sell or a solicitation of an offer to buy any security. There is no guarantee that any strategies discussed will be effective.

The information presented does not take into consideration commissions, tax implications, or other transactions costs, which may significantly affect the economic consequences of a given strategy or investment decision. This document contains general information only and does not take into account an individual’s financial circumstances. An assessment should be made as to whether the information is appropriate in individual circumstances and consideration should be given to talking to a financial advisor before making an investment decisions.