Lankapage Logo Recent Top Stories
Go Home Home Serving the Sri Lankan community globally since 2000
go to

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
Sri Lanka President arrives in Paris for UN climate conference
-- [21 minutes ago]
Tamil Nadu Chief Minister seeks immediate release of fishermen arrested by Sri Lanka Navy
Pakistan Naval Ship to arrive in Sri Lanka on Monday
EU acknowledges Sri Lanka's encouraging measures to get GSP+, requires to resolve fishery ban first
Indian Army Chief arrives in Sri Lanka to review bilateral defense ties
President invites IOM to host a global consultation in Sri Lanka on health of migrants
Sri Lankan President to leave for Paris today to attend Climate Change summit
Government incurs losses of Rs. 147 billion in tax revenue due to concessionary vehicle permits
Extremists spreading rumors of threats to national security, Sri Lanka Defense Secretary says
Minister expects a revival in Sri Lanka's fisheries sector next year

Copyright © 2000, 2014 by (LLC) :
The news and other contents on ColomboPage are copyrighted property of, 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, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.