IMF & Sri Lanka
Sri Lanka ISB restructuring - Most probable total payments would be USD 19.87Bn
Sri Lanka has agreed to pay a consent fee of USD 225 million upfront and the ultimate Past-Due Interest (PDI) of USD 1,678 million, as demanded by investors earlier. However, Sri Lanka has managed to reduce the potential principal payment from USD 11.2 billion (if the average GDP crosses USD 100 billion during 2025-27) to USD 10.4 billion. Additionally, the interest payment has been reduced from USD 8.3 billion to USD 7.6 billion..
Aug 3, 2023
CBSL balance sheet improve further in June