Sri Lanka

Sri Lanka: IMF review delayed by revenue shortfalls and financing assurances

  • The IMF completed its two-week mission to Sri Lanka from 14-27 September without the first review being completed

  • Reasons cited are revenue shortfalls and need to obtain financing assurances from official creditors (incl. China)

  • Issues were expected and are not intractable but highlight risk of restructuring delays; retain Buy on eurobonds
September 29th, 2023
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