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Sri Lanka’s Fitch Credit Rating has been downgraded 7 times during the last 7-years (May 2015 – May 2022)
Sri Lanka’s credit rating has been downgraded 7 times over the course of 7 years. 5 of those downgrades occurred since April 2020. In contrast, its regional peers have maintained their credit ratings. The recent downgrade to RD (Restricted Default) on the 19th of May 2022 was immediately after the lapse of a one month grace period for an ISB coupon payment that was not paid on the 18th of April.
Featured Insight
Sri Lanka’s Fitch Credit Rating has been downgraded 7 times during the last 7-years (May 2015 – May 2022)
Sri Lanka’s credit rating has been downgraded 7 times over the course of 7 years. 5 of those downgrades occurred since April 2020. In contrast, its regional peers have maintained their credit ratings. The recent downgrade to RD (Restricted Default) on the 19th of May 2022 was immediately after the lapse of a one month grace period for an ISB coupon payment that was not paid on the 18th of April.
Featured Insight
Sri Lanka’s Fitch Credit Rating has been downgraded 7 times during the last 7-years (May 2015 – May 2022)
Sri Lanka’s credit rating has been downgraded 7 times over the course of 7 years. 5 of those downgrades occurred since April 2020. In contrast, its regional peers have maintained their credit ratings. The recent downgrade to RD (Restricted Default) on the 19th of May 2022 was immediately after the lapse of a one month grace period for an ISB coupon payment that was not paid on the 18th of April.
Featured Insight
Sri Lanka’s Fitch Credit Rating has been downgraded 7 times during the last 7-years (May 2015 – May 2022)
Sri Lanka’s credit rating has been downgraded 7 times over the course of 7 years. 5 of those downgrades occurred since April 2020. In contrast, its regional peers have maintained their credit ratings. The recent downgrade to RD (Restricted Default) on the 19th of May 2022 was immediately after the lapse of a one month grace period for an ISB coupon payment that was not paid on the 18th of April.
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Environment
Environment
Recent trends and developments in government expenditure relating to the environment.
From The PF Wire
Source:
Daily Mirror
Govt. to seek foreign funding for green bond
The government plans to initiate talks with foreign parties to obtain green bond financing facilities to fund green ongoing projects, to meet the country’s climate commitments and to achieve the Sustainable Development Goals.
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Source:
Ceylon Today
Surakimu Ganga Programme: Govt sets aside Rs 200 M...
The Government has set aside Rs 200 million for the Surakimu Ganga Programme which aims to protect 103 rivers islandwide. Funding has been allocated in response to Minister of Environment Mahinda Amaraweera’s request, and projects for...
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Insight on Environment
Has the Government Fulfilled its Policy...
The National Policy Framework: Vistas...
Budget 2021: Environment
The Sri Lankan Parliament meets today (7th December 2020) to debate th...
Featured
Public Report on the 2022 Budget: Assessment of th...
This report provides an assessment and analysis of the fiscal, financial and economic assumptions and estimates applied in the formulation of the 2022 Budget. This repo...
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Is Maldives going down Sri Lanka's path?: Concern...
The graphs below depict the Primary Balances and budget balances as a percentage of GDP for Maldives and Sri Lanka. Besides 2017 and 2018, Sri Lanka’s annual Primary Balance has consistently been a deficit with 2021 reporting the large...
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Sri Lanka Met 38 IMF Commitments and Failed 8 by e...
Sri Lanka verifiably met 38 of the 57 trackable commitments that were due for completion by end-August in its 17th programme with the International Monetary Fund (IMF), according to the latest progress up...
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