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

https://cdn.tellimer.com/providers/tellimer-avatarpng.png
September 29th, 2023
Subscribe to read this report

You can read this report by subscribing to a Starter or Pro plan today.

Already have an account? Log in

Disclosures

This report is independent investment research as contemplated by COBS 12.2 of the FCA Handbook and is a research recommendation under COBS 12.4 of the FCA Handbook. Where it is not technically a research recommendation because the subject of the research is not listed on any European exchange, it has nevertheless been treated as a research recommendation to ensure consistent treatment of all Tellimer's research. This report has been produced by the analyst(s) named above (the "Analyst").

The Analyst certifies that the views and forecasts expressed in this report accurately reflect their personal views about the subject, securities, or issuers specified herein. In addition, the Analyst certifies that no part of their compensation was, is, or will be directly or indirectly related to the specific recommendations or views expressed in this report.

Research ratings explanation and full Tellimer disclaimers