Sri Lanka concluded the DDR/DDO after restructuring the CBSL credits to the Government

Sri Lanka concluded the DDR/DDO after restructuring the CBSL credits to the Government

Sri Lanka starts the progress review with IMF on it's loan of USD 2.9Bn

Outstanding principle FX debt surpassed USD 4Bn by July including (SLDB USD 573Mn)

Impact of Inland Revenue (Amendment) Bill that was passed with a majority of 45 votes

Sri Lanka parliament approved the controversial tax amendment on superannuation funds

Sri Lanka public debt has grown by 14% for the first half of 2023

Sri Lanka extends the DDR deadline for the third time, till 11th September

Sri Lanka extend the deadline to submit DDR/DDO proposal from 11th to 28th August

CBSL balance sheet improve further in June

Sri Lanka successfully Restructured 94.49% of the SLDBs

Sri Lanka passes through the initial deadline to complete the DDO/DDR

Sri Lanka President out line the DDR time line for the country

Zambia finally reached for bilateral debt relief while domestic debt to be excluded from restructuring

Unpaid FX denominated principle payments stand at USD 2.63Bn at end of 1Q 2023

Exchange rate movement has a 2% impact on GFN in long run

Biggest statuary funds of the country would be possible candidates for restructuring

Sixty two percent of the LKR denominated Bonds are maturing during IMF program period

EPF has a positive net cash flow of nearly LKR 30Bn every year

Sri Lanka is at high risk of paying surcharge for IMF in future

Sovereign debtors, creditors agree steps to jumpstart debt restructurings

Investor profile of Government Securities is diversified in Sri Lanka

Sri Lanka expects substantial debt relief to bring country's debt to sustanable

IMF expects to delay the principle payment for external creditors to 2027

IMF project; SL to depend on Bilateral & Multilateral borrowing and FDI for next few years

IMF projects to triple the Government Revenue within four year from 2022