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Sri Lanka’s Fitch Credit Rating Has Been Downgraded 7 Times During the Last 7 years (May 2015 – May 2022)
(2022-05)
Sri Lanka’s credit rating has been downgraded 7 times over the course of 7 years. 5 of those downgrades occurred since April 2020. In contrast, its regional peers have maintained their credit ratings. The recent downgrade ...
Composition of Sri Lanka's Gross Official Reserves
(Colombo: Verite Research, 2022-04-05)
The reported gross official reserves as of February 2022 stood at USD 2,311 MN, out of which 98% (USD 2,242 MN) consisted of short-term swaps maturing within 12 months. Whilst the quantity of reserves is important it is ...
Is the Pandemic the Sole Cause for the Depletion in Sri Lanka’s Foreign Reserves?
(Colombo: Verite Research, 2022-03-10)
Sri Lanka’s usable foreign reserves fell from USD 7,642 MN in 2019 to USD 1,579 MN by the end of 2021. When compared with Sri Lanka’s regional peers during the pandemic, the decline in its reserves appears to only have ...
Public Report on the 2021 Budget: Assessment on Whether the Expenditure Allocations and Taxation Policies are in Line with the Governments Policy
(Colombo: Verité Research, 2021-03)
This report will assist the public and other stakeholders in understanding the adequacy, credibility and prioritisation of the government’s expenditure allocations and taxation policies and the extent to which these are ...