Sri Lanka qualifies as ‘Less Indebted Category’ in UN-ESCAP basket
View(s):Sri Lanka has qualified under the “less indebted” category in five out of six external debt indicators in accordance with the parameters defined in an UN-ESCAP basket of countries.
This is the manual on Effective Debt Management of the UN-ESCAP, to assess the external debt vulnerability of a country, according to Sri Lanka’s Central Bank.
The only indicator in which Sri Lanka is placed in the “moderately indebted” category (30 per cent and 50 per cent is “the Disbursed external debt outstanding to Gross national income” category, where Sri Lanka’s indicator value is 37 per cent, which is marginally above the threshold level specified for the ‘Less indebted category’.
The CB said, “In this context, it is 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”.
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