Govt. should focus on reserve quality: Former CB Chief

The Government should concentrate on creating quality reserves by reducing the amount of inter-governmental financial arrangements, including swaps, and focus on structural reforms to improve Sri Lanka’s debt sustainability over the next five years, Economist and former Central Bank Governor Dr. Indrajit Coomaraswamy said recently.

http://www.ft.lk/top-story/Govt--should-focus-on-reserve-quality--Former-CB-Chief/26-714198/

DailyFT

2021-03-04

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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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