Capital / Liquidity

Sri Lanka Approves New Central Bank Act

24/07/2023

A separate governing board will be formed in addition to the monetary policy board to improve bank oversight and reduce conflicts of interest.

Sri Lanka Declares 5-Day Bank Holiday to Finalise Debt Restructure

28/06/2023

The government expects the country’s domestic debt restructuring process gets to conclude during the five-day market closure period.

Capital / Liquidity

CBSL Starts Policy Easing Cycle to Revamp Economy

02/06/2023

The CBSL has lowered interest rates by 2.5 percent in a bid to restart credit flows and boost growth in the real economy.

ESG / Sustainability

Sri Lanka Introduces First Framework for Listed Green Bonds

25/04/2023

Based on the demand for green bonds, the CSE plans to also introduce blue bonds and social and sustainability bonds in the future.

Capital / Liquidity

IMF Bailout Presents Uncertain Outcome for Sri Lanka’s Banks

04/04/2023

The IMF estimates the banking sector recapitalisation needs around 6 percent of 2022 GDP. Local banks so far have opposed a domestic debt restructuring.

Capital / Liquidity

Sri Lanka Likely to Secure IMF Funding Next Week

15/03/2023

The IMF’s Kristalina Georgieva has welcomed “decisive policy actions” by Sri Lankan authorities and the financial assurances obtained from major creditors.

Capital / Liquidity

CBSL Issues Fresh Instruction on Consolidated SLAR Reporting

28/11/2022

The CBSL is working to address a local currency liquidity deficit in the banking system. Banks can continue to hold 90% NSFR until year-end.

ESG / Sustainability

Sri Lanka SEC, CSE Sign MOU with Accounting Body on ESG

08/09/2022

MOUs with CFA Society and CA Sri Lanka were signed as a prelude to the establishment of an ESG index by the CSE.

Sri Lanka to Face Challenges Implementing IMF Conditions

07/09/2022

Economists say the package will not be a panacea for Sri Lanka’s problems, with the economy already shrinking due to policies recommended by the IMF.