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The Government Has to Repay Yearly an Average of USD 4.4 BN Foreign Debt from 2021 Onwards
The infographic shows the actual annual foreign debt service payments of GOSL (Government of Sri Lanka) from 2010 to 2020 and the projected foreign debt service payments from 2021 to 2025. The breakdown of foreign debt service between principal payments and interest payments is provided. During the period from 2010 to 2018, the annual foreign debt service payments averaged USD 2,267 million. However, GOSL witnessed a steep rise in foreign debt service payments to over USD 4,600 million in 2019, a 42% increase compared to USD 3,243 million in 2018. The Ministry of Finance projections show that GOSL on average has an annual foreign debt service payments of USD 4,432 million between 2021 and 2025. In this period, interest payment component on average will account for 25.3% of the annual foreign debt service and principal payments account for the balance 74.7%. In 2025, the foreign debt service payment is forecast to reach a peak of USD 5,075 million as ISB’s worth USD 2,150 million mature that year.
Featured Insight
The Government Has to Repay Yearly an Average of USD 4.4 BN Foreign Debt from 2021 Onwards
The infographic shows the actual annual foreign debt service payments of GOSL (Government of Sri Lanka) from 2010 to 2020 and the projected foreign debt service payments from 2021 to 2025. The breakdown of foreign debt service between principal payments and interest payments is provided. During the period from 2010 to 2018, the annual foreign debt service payments averaged USD 2,267 million. However, GOSL witnessed a steep rise in foreign debt service payments to over USD 4,600 million in 2019, a 42% increase compared to USD 3,243 million in 2018. The Ministry of Finance projections show that GOSL on average has an annual foreign debt service payments of USD 4,432 million between 2021 and 2025. In this period, interest payment component on average will account for 25.3% of the annual foreign debt service and principal payments account for the balance 74.7%. In 2025, the foreign debt service payment is forecast to reach a peak of USD 5,075 million as ISB’s worth USD 2,150 million mature that year.
Featured Insight
The Government Has to Repay Yearly an Average of USD 4.4 BN Foreign Debt from 2021 Onwards
The infographic shows the actual annual foreign debt service payments of GOSL (Government of Sri Lanka) from 2010 to 2020 and the projected foreign debt service payments from 2021 to 2025. The breakdown of foreign debt service between principal payments and interest payments is provided. During the period from 2010 to 2018, the annual foreign debt service payments averaged USD 2,267 million. However, GOSL witnessed a steep rise in foreign debt service payments to over USD 4,600 million in 2019, a 42% increase compared to USD 3,243 million in 2018. The Ministry of Finance projections show that GOSL on average has an annual foreign debt service payments of USD 4,432 million between 2021 and 2025. In this period, interest payment component on average will account for 25.3% of the annual foreign debt service and principal payments account for the balance 74.7%. In 2025, the foreign debt service payment is forecast to reach a peak of USD 5,075 million as ISB’s worth USD 2,150 million mature that year.
Featured Insight
The Government Has to Repay Yearly an Average of USD 4.4 BN Foreign Debt from 2021 Onwards
The infographic shows the actual annual foreign debt service payments of GOSL (Government of Sri Lanka) from 2010 to 2020 and the projected foreign debt service payments from 2021 to 2025. The breakdown of foreign debt service between principal payments and interest payments is provided. During the period from 2010 to 2018, the annual foreign debt service payments averaged USD 2,267 million. However, GOSL witnessed a steep rise in foreign debt service payments to over USD 4,600 million in 2019, a 42% increase compared to USD 3,243 million in 2018. The Ministry of Finance projections show that GOSL on average has an annual foreign debt service payments of USD 4,432 million between 2021 and 2025. In this period, interest payment component on average will account for 25.3% of the annual foreign debt service and principal payments account for the balance 74.7%. In 2025, the foreign debt service payment is forecast to reach a peak of USD 5,075 million as ISB’s worth USD 2,150 million mature that year.
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Insights and analysis on the financing of the budget deficit.
Composition of Sri Lanka's Gross Official Reserves
The reported gross official reserves as of February 2022 stood at USD 2,311 MN, out of which 98% (USD 2,242 MN) consisted of short-term swaps maturing within 12 months. Whilst the quantity of reserves is important it is eq...
From The PF Wire
Source:
Daily Mirror
India plans to stop financial aid to Sri Lanka aft...
India does not plan to provide fresh financial support to Sri Lanka on top of the nearly $4 billion it has extended this year, two sources told Reuters, as the island's battered economy starts to stabilise after a preliminary loan agreem...
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Source:
Daily News
IMF, Sri Lanka begin talks for bailout package
A preliminary round of discussions with the International Monetary Fund, with the aim of finding solutions to the financial crisis facing Sri Lanka, was held yesterday afternoon (24) at the Presidential Secretariat under the patronage of Pre...
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Source:
LBO
" Technical negotiation with IMF started; RFPs to...
Sri Lanka’s Central Bank has already started technical negotiations with the International Monetary Fund for an IMF program and appointing financial and legal advisors for debt restructuring will be expedited, new Central Bank Governor...
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Insight on Financing
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On 9 July 2021, the government gazetted a...
Sri Lanka Received USD 987 Million in Fo...
Sri Lanka has received USD 987 Million as...
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Featured
Sri Lanka met 25% of IMF commitments and failed 1...
Sri Lanka had met 25% of the trackable programme commitments of the International Monetary Fund (IMF) programme as at the end of March 2023 but had failed on one, according to 'The IMF Tracker', a new online tool launched by Verit&ea...
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Violation of Fiscal Rules: Budget 2024
The proposed 2024 budget violates the deficit rule set in the Fiscal Management (Responsibility) Law of 5% of GDP.
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IMF Programme: Performance Evaluation (February 20...
Sri Lanka verifiably failed to meet 33% of the commitments due by end-February 2024 in its International Monetary Fund (IMF) programme, according to the February update of Verité Research’s ‘IMF Tracker’....
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