Sri Lanka's debt restructuring is likely to push back to the end of 2023

January 11, 2023

Sri Lanka's debt restructuring could be pushed back to end-2023 due to delays in the IMF programme • Economy is likely to contract in 2023; the external sector has improved due to import contraction • Financial-sector liquidity and solvency risks are building with looming domestic debt restructuring • We refresh our recovery model; we now see a fair value between 22 and 33 at exit yields of 11-15% IMF approval likely to get pushed back to Q2-2023 an analysis by the Standard and Chartered Bank is annexed herewith for the perusal of the readers.

Sri Lanka's debt restructuring is likely to push back to the end of 2023

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