Lankapage Logo Recent Top Stories
CP 14 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lanka is becoming 'less indebted' - Central Bank
Tue, May 13, 2014, 08:03 pm SL Time, ColomboPage News Desk, Sri Lanka.

May 13, Colombo: Sri Lanka's Central Bank said today that the country has continued to improve its external debt sustainability indicators and placed in the "less indebted" category in the United Nations Economic Commission for Asia and the Pacific (UNESCAP) classification.

In 2013, Sri Lanka has been categorized as 'less indebted' in five out of six external debt indicators in accordance with the parameters defined in the manual on Effective Debt Management of the UNESCAP, to assess the external debt vulnerability of a country. In the remaining indicator, Sri Lanka is placed in the 'Moderately Indebted' category.

Among the six indicators, the only indicator in which Sri Lanka is placed in the "moderately indebted" category (>30% and <50%) is "the Disbursed external debt outstanding to Gross national income" category, where Sri Lanka's indicator value is 35.1%,which is marginally above the threshold level specified for the "Less indebted" category. The indicator value in 2013 improved from a 37.2% in 2012.

The present external debt was 39.8% of gross national income against a threshold of 48%.

Sri Lanka's Total External Debt Service Payments was 11.2% of exports of goods and non-factor service against a threshold of 18%, and External Interest Payments was 3.9% against a threshold of 12%.

The net present value of external debt to exports of goods and non-factor services was 121.0%, against a threshold of 132%.

The indicators also show that Sri Lanka has displayed continuous improvements in five of the six external debt indicators in the year 2013, when compared to 2012.

ColomboPage - Recent 10 Stories
German tourist went missing in Sri Lanka jungle found safe
-- [10 minutes ago]
Indian fishermen seek BJP leader's help to get Sri Lanka to release their boats
-- [1 hour and 27 minutes ago]
Indian Tamil party leader accuses BJP government of openly aiding Sri Lanka
-- [1 hour and 50 minutes ago]
India issues stamp commemorating Sri Lankan Buddhist revivalist
-- [2 hours ago]
INFOTEL ICT exhibition opens in Sri Lanka
-- [8 hours ago]
Sri Lankan Navy Commander to leave for India tomorrow on an official visit
-- [9 hours ago]
Sri Lanka's Northern Province CM's visit to India not yet decided
-- [9 hours ago]
Sri Lanka's Sabaragamuwa University to re-open on Monday
Buddhist monk who abducted a 9-year-old boy in Sri Lanka remanded
Sri Lanka 2015 Budget highlights

Copyright © 2000, 2014 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.