• Sri Lanka’s total public debt rose to $103.7 billion in Q3 2024, driven by a $2.4 billion increase in domestic debt and a $716 million rise in external debt, with significant contributions from Treasury bonds, international sovereign bonds, and multilateral creditors like the ADB and World Bank.

Sri Lanka's domestic debt increased by $2.4 billion in the third quarter of 2024, reaching $59.9 billion, while the total public debt rose to $103.7 billion, according to the Finance Ministry. Treasury bills and bonds saw significant increases, with the latter rising by $2.29 billion to $44.2 billion. External debt grew to $38.2 billion, with commercial debt comprising 38%, largely through international sovereign bonds (85%) and syndicated loans. Multilateral creditors, led by the ADB and World Bank, account for 33% of external debt, while 60% of bilateral debt originates from non-Paris Club countries. Notably, 67% of external debt carries fixed interest rates. The government cleared $240 million in local foreign currency loans during the period.

Domestic debt rises to $ 60 b | The Morning