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%
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.


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