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Is the Pandemic the Sole Cause for the Depletion in Sri Lanka’s Foreign Reserves?
Sri Lanka’s usable foreign reserves fell from USD 7,642 MN in 2019 to USD 1,579 MN by the end of 2021. When compared with Sri Lanka’s regional peers during the pandemic, the decline in its reserves appears to only have happened to Sri Lanka, while its other Asian countries have seen an increase in their reserve balances.
Featured Insight
Is the Pandemic the Sole Cause for the Depletion in Sri Lanka’s Foreign Reserves?
Sri Lanka’s usable foreign reserves fell from USD 7,642 MN in 2019 to USD 1,579 MN by the end of 2021. When compared with Sri Lanka’s regional peers during the pandemic, the decline in its reserves appears to only have happened to Sri Lanka, while its other Asian countries have seen an increase in their reserve balances.
Featured Insight
Is the Pandemic the Sole Cause for the Depletion in Sri Lanka’s Foreign Reserves?
Sri Lanka’s usable foreign reserves fell from USD 7,642 MN in 2019 to USD 1,579 MN by the end of 2021. When compared with Sri Lanka’s regional peers during the pandemic, the decline in its reserves appears to only have happened to Sri Lanka, while its other Asian countries have seen an increase in their reserve balances.
Featured Insight
Is the Pandemic the Sole Cause for the Depletion in Sri Lanka’s Foreign Reserves?
Sri Lanka’s usable foreign reserves fell from USD 7,642 MN in 2019 to USD 1,579 MN by the end of 2021. When compared with Sri Lanka’s regional peers during the pandemic, the decline in its reserves appears to only have happened to Sri Lanka, while its other Asian countries have seen an increase in their reserve balances.
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Sri Lanka moves closer to finalising debt restructuring with Japan
Sri Lanka’s Cabinet approved a debt restructuring agreement with JICA, following bipartisan negotiations and legal clearance, aiming to boost investor confidence and secure further international financial support....
2025-02-06
Daily FT
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“ISBs can keep govt. accountable, promote performance”
International Sovereign Bonds (ISBs) can enhance government accountability and performance by enforcing financial discipline, despite their high-interest costs, according to Prof. Shanta Devarajan of Verité Research....
2024-07-31
Daily News
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Budget deficit down by Rs. 367 b for first five months; primary surplus at Rs. 554 b
The budget deficit in the first five months of this year decreased by 64% (Rs. 367 billion) due to higher revenue and lower expenditure. Revenue increased by 44% to Rs. 1.6 trillion, while expenditure dropped by 7% to Rs. 2...
2024-07-29
Daily FT
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SL collects record revenue in May
In May 2024, Sri Lanka collected a record Rs. 400 billion in revenue, with total government revenue for the first five months reaching Rs. 1,619.2 billion, significantly up from Rs. 1,122.4 billion in the same period in 202...
2024-07-29
The Morning
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IMF decision on ISB restructuring framework expected soon
The Ministry of Finance expects the IMF to confirm soon whether Sri Lanka's restructuring framework for International Sovereign Bonds (ISBs) complies with IMF programme parameters, following an early July agreement with...
2024-07-28
The Morning
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