By: Tiffahny Hoole and Janani Wanigaratne Sri Lanka is going through a crisis of a magnitude that has never been witnessed in its economic history. The country is in disarray as people wait in lines to purchase essentials. Official reserve assets have plummeted to a US Dollar 1920[1] million by May this year and the.
By Chair of our Academic Programme and former Economic Adviser at the World Bank, Dr. Sarath Rajapatirana, and our Senior Research Fellow, and former Director of CBSL, Dr. Roshan Perera
The available foreign reserves of the country can be used to either repay foreign creditors or to finance imp
Repaying foreign debt or financing essential imports? The available foreign reserves of the country can be used to either repay foreign creditors or to finance imports of essential goods and services required by its citizens. This is the dilemma facing Sri Lanka today. Repaying the full value of the bond using the limited foreign reserves […]
Weekly Economic Indicators released by the Central Bank of Sri Lanka (CBSL) for 1 – 7 January 2022 show crude oil prices taking an upward trend. “During the period under review prices increased mainly due to hopes on further demand recovery in 2022. Decision of OPEC+ countries to adhere to their planned increase for February […]
The world’s biggest memory-chip and smartphone maker forecast operating profit of $11bn (£8bn) for the three months to the end of June. It said strong demand for memory chips had offset weaker sales of devices due to the shortage of components. A year ago, in the first few months of the pandemic, Samsung saw sales […]