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)

Inflation has fallen in sovereign debt defaulted both Ghana & Sri Lanka

InternationalFeb 4, 2024
Inflation has fallen in sovereign debt defaulted both Ghana & Sri Lanka

The economic timeline highlights debt troubles for Ghana and Sri Lanka, with both defaulting in December 2022 and April 2022, respectively. Seeking financial assistance, Sri Lanka joined the IMF program in March 2023, followed by Ghana in May 2023.

Interestingly, despite earlier inflation spikes in both food and non-food sectors, there was a noticeable slowdown, particularly in Sri Lanka, indicating positive economic adjustments.

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