Chinese EXIM Bank offers short, mid, long term measures

Source from Chinese EXIM Bank has stated that support will extend beyond the proposed two -year moratorium on debt repayments. The latter is only a short-term measure, and the Bank will make their best efforts to contribute to the debt sustainability and the future development of Sri Lanka in the medium, and long term.

https://www.dailymirror.lk/breaking_news/Chinese-EXIM-Bank-offers-short-mid-long-term-measures/108-254781

Daily Mirror

2023-03-01

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SriLankan loses Rs. 12.9 b in Q1

SriLankan Airlines recorded a Rs. 12.9 billion net loss in Q1 FY25, driven by cash flow challenges, legacy issues, and financial costs from past debt. ...

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SL pays $ 503 m for 1H debt servicing

By June 2024, Sri Lanka's external debt had reached $37.5 billion, with $8.19 billion in unpaid debt service accumulating since the April 2022 debt standstill on bilateral and commercial loans.

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Workers’ remittances decline in September

In September 2024, Sri Lanka’s remittances reached $556 million, tourism earnings were $181 million, and gross official reserves rose to $6 billion, covering 3.9 months of imports.

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