Sri Lanka's debt restructuring is likely to push back to the end of 2023

January 11, 2023

Sri Lanka's debt restructuring could be pushed back to end-2023 due to delays in the IMF programme • Economy is likely to contract in 2023; the external sector has improved due to import contraction • Financial-sector liquidity and solvency risks are building with looming domestic debt restructuring • We refresh our recovery model; we now see a fair value between 22 and 33 at exit yields of 11-15% IMF approval likely to get pushed back to Q2-2023 an analysis by the Standard and Chartered Bank is annexed herewith for the perusal of the readers.

Sri Lanka's debt restructuring is likely to push back to the end of 2023

CLICK

RELATED NEWS

Speaker blocks Sajith’s attempt to raise daily killings

WHO commends Lanka for sustaining disease-free milestones

Eight meet records set at Western Province Schools Sports Festival

India, Sri Lanka to exchange three agreements during Rajnath Singh visit

The pros and cons of joining BRICS- the dilemma of Pakistan and Bangladesh

Speaker blocks Sajith’s attempt to raise daily killings

WHO commends Lanka for sustaining disease-free milestones

Eight meet records set at Western Province Schools Sports Festival

India, Sri Lanka to exchange three agreements during Rajnath Singh visit

Dry weather linked to El Niño affects over 154,000 people in Sri Lanka

Mysterious rise in water levels reported in Jaffna wells

New push for green journalism

SC flags three clauses in media professionals’ Bill