Sri Lanka's external sector exhibited a mixed performance in April 2021. The deficit in the trade account widened for the second consecutive month in April 2021 compared to a year earlier while earnings from the tourism sector remained subdued. Notably, both exports and imports were significantly higher in April 2021, compared to April 2020, although both were lower compared to March 2021. However, workers' remittances continued its momentum, recording a significant growth in April 2021. Meanwhile, the financial account of the balance of payments strengthened during the month with the receipt of the proceeds of the syndicated loan facility from the China Development Bank. The Sri Lankan rupee remained broadly stable throughout the month, amidst some volatility observed in mid April.
Thursday, June 17, 2021