Sri Lanka classified 'less indebted' by UN-ESCAP: Central Bank

Tuesday, 26 March 2013 - 12:38



The Central Bank said Sri Lanka has been classed as 'less indebted' in five out of six debt indicators which assesses external debt vulnerability of a country, by the United Nations Economic Commission for Asia and the Pacific.

Sri Lanka falls within to the less indebted category in when external debt is measured against exports of goods and non-factor services.

Sri Lanka's external debt service payments was 10.7 percent of exports of goods and non-factor service against a threshold of 18 percent, and external interest payments was 3.7 percent against a threshold of 12 percent.