Sri Lanka Interim Debt Policy Overview slide image

Sri Lanka Interim Debt Policy Overview

Sri Lanka's Public Debt is multifaceted... As at End-June 2022, Public Debt¹ stood at 122% of GDP, of which 70% of GDP is denominated in foreign currency, from a public debt level of 115% of GDP as at end-December 2021, out of which 54% of GDP were denominated in foreign currency In USDbn equiv. Central Government Debt Multilateral Bilateral Private³ Bonded Non-bonded CBSL advances Guaranteed SOEs Debt Multilateral Bilateral Commercial (incl. SOE debt) 5 Central Bank of Sri Lanka Debt Multilateral Bilateral4 TOTAL Foreign Currency Total 37.9 Local Currency Total 32.4 Total USDbn % of GDP² 70.3 106.1% 9.6 9.6 14.5% 9.5 9.5 14.4% 18.8 31.8 50.5 76.3% 14.5 30.9 45.4 68.6% 4.2 0.9 5.1 7.7% 0.6 0.6 0.9% 5.5 1.6 7.1 10.7% 0.5 0.5 0.7% 0.4 0.4 0.5% 4.6 1.6 6.3 9.4% 3.2 3.2 4.8% 1.1 1.1 1.7% 2.0 2.0 3.1% 46.6 34.0 80.5 121.6% Sources: Ministry of Finance, Economic Stabilization and National Policies, Central Bank of Sri Lanka Notes: (1) The debt stock showcased reflects the DSA coverage currently contemplated by the Authorities, (2) Assuming a 2022 nominal GDP of LKR 23.84trn, (3) Includes ECA- backed facilities, (4) Bilateral swap lines with the People's Bank of China, Reserve Bank of India and the Bank of Bangladesh, (5) SOES' FX payables benefiting from a state guarantee are assumed to be constant between end 2021 and end June 2022 15
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