Weekly debt report for the week ending 25 August 2017

Sri Lanka’s exports rose 9.8 percent in June 2017 from a year earlier,
helped by the delivery of two ships to Singapore and higher tea prices,
while apparel exports fell, the central bank said

The country’s imports in June have declined for the first time in 11
months though the first half performance remains positive.

Manila-based Asian Development Bank has unveiled a financing plan
that will provide up to 5.0 billion US dollars to Sri Lanka in the five year
to 2022 in a bid help the country reach upper middle income status.

Sri Lanka’s budget deficit may slightly overshoot the budget deficit
target of 4.6 percent of gross domestic product with drought related
spending of around 0.3 percent of GDP, Deputy Treasury Secretary S R
Attygalle said.

The Central Bank on Friday said, reflecting continuous investor
confidence, inflows to the financial account in June continued the
positive trend observed in the previous month

The secondary bond market witnessed a mixed outcome during the
week ending 25 August, with yields increasing during the early part of
the week and declining towards the later part.

he rupee on spot contracts appreciated during the week to close at
Rs.152.95/00 against its previous weeks closing level of Rs.153.32/40
on the back of foreign buying of government securities and exporter
conversion.

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