Sri Lanka fin min rules out default, says 1Q has US3bn debt repayments

Sri Lanka’s Finance Minister Basil Rajapaksa said all debt maturing this year will be paid and the the country is projecting 30 billion US dollars external flows to involving foreign debts and imports. Sri Lanka is facing one of its worst economic volume of money printed to maintain steeply negative real rates .

EconomyNext

2022-02-03

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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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