Economics

Sri Lanka’s Private Credit Expands by Rs. 60 Billion in July 2024, SOE Credit Declines

  • September 9, 2024

Sri Lanka’s private sector credit expanded by Rs. 60 billion in July 2024, following a Rs. 74 billion rise in June, according to official data. Meanwhile, credit to state-owned enterprises (SOEs) decreased during the same period. In July, banks extended Rs. 82.7 billion in loans to the government, with much of this being interest roll-overs,

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Economics

Sri Lanka’s 2024 BOP Surplus Lags Behind 2023 Amid Ongoing Economic Policies

  • August 9, 2024

Sri Lanka’s balance of payments (BOP) remains in surplus in 2024, but it trails slightly behind the figures from 2023, according to official data. By June 2024, the country recorded a BOP surplus of $1.761 billion, compared to $1.957 billion in the same period the previous year. The surplus, reflecting an improvement in net international

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