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Year 2001 Fiscal PositionPresident: Chandrika Bandaranaike Kumaratunga
Sri Lanka Debt Dossier 2001
Sri Lanka experienced its first post-independence negative GDP contraction (-1.5%), debt/GDP passed 100%.
Total Debt StockRs. 1,452.8 B
USD Equivalent$16.2 B
Debt / GDP %103.3%
Interest / Revenue46.1%
Inherited Debt Disclaimer
IMPORTANT: Government debt is cumulative. Outstanding public debt in any given year includes borrowing accumulated across all prior administrations. Inheriting existing debt is distinct from issuing new net borrowings.
Political & Fiscal Leadership (2001)
- Executive President:Chandrika Bandaranaike Kumaratunga
- Prime Minister:Ranil Wickremesinghe
- Minister of Finance:K. N. Choksy
- Population (Est):19.1 Million
Why Debt Changed in 2001
Katunayake airport attack impact on tourism, drought affecting hydropower, and global recession.
Major Borrowing / Credit Events:
- IMF Stand-By Arrangement (SBA) Disbursement
Authoritative Verification Sources
CBSL Annual Report 2001(CENTRAL_BANK)
Verify at www.cbsl.gov.lk