LANKA’S DEBT LEVELS EXCELLENT -UN-ESCAP SURVEY

Remarkable in context of global economic meltdown :

Sri Lanka has qualified under the “less indebted” category in five out of six external debt indicators in accordance with the parameters defined in the manual on Effective Debt Management of the UN-ESCAP, to assess the external debt vulnerability of a country, states the Central Bank.

Sri Lanka is placed in the “moderately indebted” category (<30% and <50%) in “the Disbursed external debt outstanding to Gross national income” category, where Sri Lanka’s indicator value is 37 percent which is marginally above the threshold level specified for the ‘Less indebted category’.

It was noted that these values have been recorded by Sri Lanka at a time when public debt risks emanating from the global economic slowdown has been rising in many economies, the Bank said.

Courtesy: priu.gov.lk