Economic Outlook for Sri Lanka

Sri Lanka is facing a fiscal crisis... ESCAP MOVING FORWARD TOGETHER Fiscal balance (% of GDP) Public debt (% of GDP) Sovereign credit rating (S&P)) 2015 2016 2017 2018 2019 2020 2021 110 ■Foreign Domestic BB- 0 100 B+ -1 90 B -2 -9 -10 -11 -12 -13 ❤ 4 5 6 7 ∞ $ -3 80 B- -4 70 CCC+ -5 60 CCC -6 50 CCC- -7 CC -8 40 C 30 RD 20 SD 10 D.NR 0 2015 2016 2017 2018 2019 2020 2021 May-14 Sep-20 Source: ESCAP, based on CEIC, Central Bank of Sri Lanka, and www.worldgovernmentbonds.com SD = selective default, as of April 2022. Red dot means negative outlook.

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