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)

Paris Club backs Sri Lanka request for an extension of another five months of stay proceedings in case filed by HRB

IMF & Sri LankaApr 2, 2024
Paris Club backs Sri Lanka request for an extension of another five months of stay proceedings in case filed by HRB

Hamilton Reserve Bank (HRC) has filed a lawsuit against Sri Lanka in the United States after the country defaulted on its debt for the first time in history. Sri Lanka previously obtained a stay order for the HRC case for five months, which expired in March.

The USA, UK, and France supported Sri Lanka's request for a further extension. Sri Lanka has requested an additional five months, emphasizing the importance of implementing restructuring agreements with its creditors by late June/early July 2024, following the second review of the IMF-supported program.

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