Foreign investment in Sri Lanka’s government securities surged last week, with Central Bank data revealing a 15.7 percent increase in foreign holdings. The rise, amounting to 6.9 billion rupees ($23.4 million at an exchange rate of 1 US dollar = 295 LKR), brought the total foreign holding in Sri Lanka’s Treasury bills and bonds to
Sri Lanka’s private sector credit saw a notable expansion of 146 billion rupees during the first half of 2024, according to official data. This growth contrasts with a reduction in credit extended to the government, although government credit continued to surpass private sector lending. In the six months leading up to June 2024, commercial bank
Sri Lanka’s foreign exchange earnings from workers’ remittances and tourism have exceeded USD 4.5 billion by mid-2024. Workers’ remittances reached USD 2,822.6 million from January to June 2024, marking an 11.4% year-on-year increase. June alone saw remittances of USD 964.2 million. Tourism revenue hit USD 1,556.6 million, reflecting a 77.9% increase compared to the same