Refine by sector
Latest articles in Sri Lanka

EM bond performance during the latest sell-off: Best and worst performers

As most EM sovereign debt trading takes a day off to recover from the recent sell-off, with the US Columbus Day holiday, we take a look at the performance of sovereign currency bonds during this period and identify the winners and losers (mainly lose...
Tellimer Research Stuart
Stuart Culverhouse @ Tellimer Research 11 October 2021
EM bond performance during the latest sell-off: Best and worst performers
EM bond performance during the latest sell-off: Best and worst performers

Plummeting reserves push Sri Lanka closer to default

Data released today by the Central Bank of Sri Lanka (CBSL) shows a sharp drop in reserves in September, falling by nearly US$1bn to US$2.58bn from US$3.54bn in August. This is critically low, at a mere 1.6 months of trailing goods imports, and compa...
Tellimer Research Patrick
Patrick Curran @ Tellimer Research 8 October 2021
Plummeting reserves push Sri Lanka closer to default
Plummeting reserves push Sri Lanka closer to default
Flash Report / Sri Lanka

Sri Lanka: CBSL Roadmap - Dollar flows, Macro and Financial stability key theme

The 6-month Roadmap for the Central Bank was outlined today, with key emphasis on 1) Focused efforts on macro and financial system stability, 2) Near-term measures to ensure continued timely debt servicing, 3) Measures to increase forex liquidity in ...
Asia Securities Lakshini
Lakshini Fernando @ Asia Securities 4 October 2021

Sri Lanka: Imbalances to remain despite policy shift

Sri Lanka’s BOP crisis has continued to worsen in recent weeks following the government’s imposition of a food and currency “emergency” at the end of August, giving it the power to impose price controls over certain food items amid worsening FX short...
Tellimer Research Patrick
Patrick Curran @ Tellimer Research 30 September 2021
Sri Lanka: Imbalances to remain despite policy shift
Sri Lanka: Imbalances to remain despite policy shift

Key takeaways from our London client meetings

We held a series of client meetings in London last week, our first since Covid began eighteen months ago, meeting with a mix of fixed income and equity investors in EM and Frontiers, Africa specialists, and special situations and distress funds. The ...
Tellimer Research Patrick
Patrick Curran @ Tellimer Research 28 September 2021
Key takeaways from our London client meetings
Key takeaways from our London client meetings

Sri Lanka's economic headwinds put pressure on debt-servicing ability

Sri Lanka has faced continued sovereign-debt-servicing pressure because of economic and financial conditions, with the significantly affected tourism sector affecting its ability to obtain foreign currency as a way to repay the debt because of its he...
IHS Markit IHS Markit
IHS Markit Analyst @ IHS Markit 23 September 2021