{"id":77344,"date":"2013-03-15T08:37:50","date_gmt":"2013-03-15T08:37:50","guid":{"rendered":"http:\/\/www.colombotelegraph.com\/?p=77344"},"modified":"2013-03-21T00:01:46","modified_gmt":"2013-03-21T00:01:46","slug":"an-international-bank-and-rating-agency-have-warned-sri-lanka-the-debt-burden-will-remain-high","status":"publish","type":"post","link":"https:\/\/www.colombotelegraph.com\/index.php\/an-international-bank-and-rating-agency-have-warned-sri-lanka-the-debt-burden-will-remain-high\/","title":{"rendered":"An International Bank And Rating Agency Have Warned Sri Lanka, The Debt Burden Will Remain High"},"content":{"rendered":"<p><strong>By<\/strong>\u00a0<strong>Paul A Ebeling Jr<\/strong><\/p>\n<p>An international bank and rating agency have warned that Sri Lanka\u2019s economy faces slower growth and stronger external pressures in the year ahead, said reports released Thursday.<\/p>\n<div id=\"attachment_61193\" style=\"width: 263px\" class=\"wp-caption alignright\"><a href=\"http:\/\/www.colombotelegraph.com\/index.php\/new-era-dawns-on-sri-lanka\/basil-rajapaksa\/\" rel=\"attachment wp-att-61193\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-61193\" class=\"size-medium wp-image-61193\" title=\"Basil Rajapaksa\" src=\"http:\/\/www.colombotelegraph.com\/wp-content\/uploads\/2012\/11\/Basil-Rajapaksa-253x300.jpg\" alt=\"\" width=\"253\" height=\"300\" srcset=\"https:\/\/www.colombotelegraph.com\/wp-content\/uploads\/2012\/11\/Basil-Rajapaksa-253x300.jpg 253w, https:\/\/www.colombotelegraph.com\/wp-content\/uploads\/2012\/11\/Basil-Rajapaksa.jpeg 336w\" sizes=\"auto, (max-width: 253px) 100vw, 253px\" \/><\/a><p id=\"caption-attachment-61193\" class=\"wp-caption-text\">Minister Economic Development - Basil Rajapaksa<\/p><\/div>\n<p>Although the Sri Lankan government will likely continue to make gradual progress in reducing its deficit, the debt burden will remain high, the report from Moody\u2019s Investors Service NYSE:MCO,said. \u201cThe absence of a new funding program is credit negative from the perspectives of external payments and growth,\u201dthe rating agency said.<\/p>\n<p>Moody\u2019s views were contained in a just-released report, titled \u201cSri Lanka; The Post-IMF Backdrop: Downward Growth Pressures and Elevated External Pressures\u201d.<\/p>\n<p>The special comment examines the credit implications of Sri Lanka\u2019s (B1\/Positive) decision on 12 February to not seek a new funding program from the IMF, following the successful completion of a US$2.6-B Stand-by Arrangement in Y 2012<\/p>\n<p>Moody\u2019s believes the Sri Lankan government will continue to reduce gradually its budget deficit, but the composition of deficit reduction will be key.<\/p>\n<p>Supplier cash arrears, weak structural revenue reform and contingent liabilities in the state owned enterprise sector are concerns. Moreover, high inflation and rapid credit growth are risks to macroeconomic stability, Moody added.<\/p>\n<p>Standard Chartered Bank LN:STAN, PINK:SCBFF, it was less optimistic of Sri Lanka\u2019s growth rebound for multitude of factors and lowered improvement in Y 2013 GDP forecast to 6.7 from 7.7% previously.<\/p>\n<p>\u201cWe see three reasons for a slower-than-expected recovery as the economy adjusts to bold Central Bank policy measures aimed at addressing growing imbalances: (1) more fiscal consolidation is required; (2) inflation is elevated, limiting room for near-term policy easing; and (3) the recovery in Sri Lanka\u2019s main trading partners, the EU and US, remains slow,\u201dthe bank report said.<\/p>\n<p>Courtesy \u00a0Live Trading News<\/p>\n","protected":false},"excerpt":{"rendered":"<p> [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":61193,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,2187,1,2375],"tags":[],"class_list":["post-77344","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-colombotelegraph","category-most-popular","category-news","category-stories"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>An International Bank And Rating Agency Have Warned Sri Lanka, The Debt Burden Will Remain High - Colombo Telegraph<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.colombotelegraph.com\/index.php\/an-international-bank-and-rating-agency-have-warned-sri-lanka-the-debt-burden-will-remain-high\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"An International Bank And Rating Agency Have Warned Sri Lanka, The Debt Burden Will Remain High - Colombo Telegraph\" \/>\n<meta property=\"og:description\" content=\"[&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.colombotelegraph.com\/index.php\/an-international-bank-and-rating-agency-have-warned-sri-lanka-the-debt-burden-will-remain-high\/\" \/>\n<meta property=\"og:site_name\" content=\"Colombo Telegraph\" \/>\n<meta property=\"article:published_time\" content=\"2013-03-15T08:37:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2013-03-21T00:01:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.colombotelegraph.com\/wp-content\/uploads\/2012\/11\/Basil-Rajapaksa.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"336\" \/>\n\t<meta property=\"og:image:height\" content=\"397\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"COLOMBO TELEGRAPH\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"COLOMBO TELEGRAPH\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.colombotelegraph.com\/index.php\/an-international-bank-and-rating-agency-have-warned-sri-lanka-the-debt-burden-will-remain-high\/\",\"url\":\"https:\/\/www.colombotelegraph.com\/index.php\/an-international-bank-and-rating-agency-have-warned-sri-lanka-the-debt-burden-will-remain-high\/\",\"name\":\"An International Bank And Rating Agency Have Warned Sri Lanka, The Debt Burden Will Remain High - Colombo Telegraph\",\"isPartOf\":{\"@id\":\"https:\/\/www.colombotelegraph.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.colombotelegraph.com\/index.php\/an-international-bank-and-rating-agency-have-warned-sri-lanka-the-debt-burden-will-remain-high\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.colombotelegraph.com\/index.php\/an-international-bank-and-rating-agency-have-warned-sri-lanka-the-debt-burden-will-remain-high\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.colombotelegraph.com\/wp-content\/uploads\/2012\/11\/Basil-Rajapaksa.jpeg\",\"datePublished\":\"2013-03-15T08:37:50+00:00\",\"dateModified\":\"2013-03-21T00:01:46+00:00\",\"author\":{\"@id\":\"https:\/\/www.colombotelegraph.com\/#\/schema\/person\/9db3d0cfcfa59e1997e3c3524d454cb3\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.colombotelegraph.com\/index.php\/an-international-bank-and-rating-agency-have-warned-sri-lanka-the-debt-burden-will-remain-high\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.colombotelegraph.com\/index.php\/an-international-bank-and-rating-agency-have-warned-sri-lanka-the-debt-burden-will-remain-high\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.colombotelegraph.com\/index.php\/an-international-bank-and-rating-agency-have-warned-sri-lanka-the-debt-burden-will-remain-high\/#primaryimage\",\"url\":\"https:\/\/www.colombotelegraph.com\/wp-content\/uploads\/2012\/11\/Basil-Rajapaksa.jpeg\",\"contentUrl\":\"https:\/\/www.colombotelegraph.com\/wp-content\/uploads\/2012\/11\/Basil-Rajapaksa.jpeg\",\"width\":\"336\",\"height\":\"397\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.colombotelegraph.com\/index.php\/an-international-bank-and-rating-agency-have-warned-sri-lanka-the-debt-burden-will-remain-high\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.colombotelegraph.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"An International Bank And Rating Agency Have Warned Sri Lanka, The Debt Burden Will Remain High\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.colombotelegraph.com\/#website\",\"url\":\"https:\/\/www.colombotelegraph.com\/\",\"name\":\"Colombo Telegraph\",\"description\":\"In journalism truth is a process\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.colombotelegraph.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.colombotelegraph.com\/#\/schema\/person\/9db3d0cfcfa59e1997e3c3524d454cb3\",\"name\":\"COLOMBO TELEGRAPH\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.colombotelegraph.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/920b3181b0bf86b5c339ad9f0963a89f6a8b19c4b971e629987a021ba7a663df?s=96&d=identicon&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/920b3181b0bf86b5c339ad9f0963a89f6a8b19c4b971e629987a021ba7a663df?s=96&d=identicon&r=g\",\"caption\":\"COLOMBO TELEGRAPH\"},\"url\":\"https:\/\/www.colombotelegraph.com\/index.php\/author\/colombo_telegraph\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"An International Bank And Rating Agency Have Warned Sri Lanka, The Debt Burden Will Remain High - Colombo Telegraph","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.colombotelegraph.com\/index.php\/an-international-bank-and-rating-agency-have-warned-sri-lanka-the-debt-burden-will-remain-high\/","og_locale":"en_US","og_type":"article","og_title":"An International Bank And Rating Agency Have Warned Sri Lanka, The Debt Burden Will Remain High - Colombo Telegraph","og_description":"[&hellip;]","og_url":"https:\/\/www.colombotelegraph.com\/index.php\/an-international-bank-and-rating-agency-have-warned-sri-lanka-the-debt-burden-will-remain-high\/","og_site_name":"Colombo Telegraph","article_published_time":"2013-03-15T08:37:50+00:00","article_modified_time":"2013-03-21T00:01:46+00:00","og_image":[{"width":336,"height":397,"url":"https:\/\/www.colombotelegraph.com\/wp-content\/uploads\/2012\/11\/Basil-Rajapaksa.jpeg","type":"image\/jpeg"}],"author":"COLOMBO TELEGRAPH","twitter_card":"summary_large_image","twitter_misc":{"Written by":"COLOMBO TELEGRAPH","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.colombotelegraph.com\/index.php\/an-international-bank-and-rating-agency-have-warned-sri-lanka-the-debt-burden-will-remain-high\/","url":"https:\/\/www.colombotelegraph.com\/index.php\/an-international-bank-and-rating-agency-have-warned-sri-lanka-the-debt-burden-will-remain-high\/","name":"An International Bank And Rating Agency Have Warned Sri Lanka, The Debt Burden Will Remain High - Colombo Telegraph","isPartOf":{"@id":"https:\/\/www.colombotelegraph.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.colombotelegraph.com\/index.php\/an-international-bank-and-rating-agency-have-warned-sri-lanka-the-debt-burden-will-remain-high\/#primaryimage"},"image":{"@id":"https:\/\/www.colombotelegraph.com\/index.php\/an-international-bank-and-rating-agency-have-warned-sri-lanka-the-debt-burden-will-remain-high\/#primaryimage"},"thumbnailUrl":"https:\/\/www.colombotelegraph.com\/wp-content\/uploads\/2012\/11\/Basil-Rajapaksa.jpeg","datePublished":"2013-03-15T08:37:50+00:00","dateModified":"2013-03-21T00:01:46+00:00","author":{"@id":"https:\/\/www.colombotelegraph.com\/#\/schema\/person\/9db3d0cfcfa59e1997e3c3524d454cb3"},"breadcrumb":{"@id":"https:\/\/www.colombotelegraph.com\/index.php\/an-international-bank-and-rating-agency-have-warned-sri-lanka-the-debt-burden-will-remain-high\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.colombotelegraph.com\/index.php\/an-international-bank-and-rating-agency-have-warned-sri-lanka-the-debt-burden-will-remain-high\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.colombotelegraph.com\/index.php\/an-international-bank-and-rating-agency-have-warned-sri-lanka-the-debt-burden-will-remain-high\/#primaryimage","url":"https:\/\/www.colombotelegraph.com\/wp-content\/uploads\/2012\/11\/Basil-Rajapaksa.jpeg","contentUrl":"https:\/\/www.colombotelegraph.com\/wp-content\/uploads\/2012\/11\/Basil-Rajapaksa.jpeg","width":"336","height":"397"},{"@type":"BreadcrumbList","@id":"https:\/\/www.colombotelegraph.com\/index.php\/an-international-bank-and-rating-agency-have-warned-sri-lanka-the-debt-burden-will-remain-high\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.colombotelegraph.com\/"},{"@type":"ListItem","position":2,"name":"An International Bank And Rating Agency Have Warned Sri Lanka, The Debt Burden Will Remain High"}]},{"@type":"WebSite","@id":"https:\/\/www.colombotelegraph.com\/#website","url":"https:\/\/www.colombotelegraph.com\/","name":"Colombo Telegraph","description":"In journalism truth is a process","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.colombotelegraph.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.colombotelegraph.com\/#\/schema\/person\/9db3d0cfcfa59e1997e3c3524d454cb3","name":"COLOMBO TELEGRAPH","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.colombotelegraph.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/920b3181b0bf86b5c339ad9f0963a89f6a8b19c4b971e629987a021ba7a663df?s=96&d=identicon&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/920b3181b0bf86b5c339ad9f0963a89f6a8b19c4b971e629987a021ba7a663df?s=96&d=identicon&r=g","caption":"COLOMBO TELEGRAPH"},"url":"https:\/\/www.colombotelegraph.com\/index.php\/author\/colombo_telegraph\/"}]}},"jetpack_featured_media_url":"https:\/\/www.colombotelegraph.com\/wp-content\/uploads\/2012\/11\/Basil-Rajapaksa.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.colombotelegraph.com\/index.php\/wp-json\/wp\/v2\/posts\/77344","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.colombotelegraph.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.colombotelegraph.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.colombotelegraph.com\/index.php\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/www.colombotelegraph.com\/index.php\/wp-json\/wp\/v2\/comments?post=77344"}],"version-history":[{"count":9,"href":"https:\/\/www.colombotelegraph.com\/index.php\/wp-json\/wp\/v2\/posts\/77344\/revisions"}],"predecessor-version":[{"id":77351,"href":"https:\/\/www.colombotelegraph.com\/index.php\/wp-json\/wp\/v2\/posts\/77344\/revisions\/77351"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.colombotelegraph.com\/index.php\/wp-json\/wp\/v2\/media\/61193"}],"wp:attachment":[{"href":"https:\/\/www.colombotelegraph.com\/index.php\/wp-json\/wp\/v2\/media?parent=77344"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.colombotelegraph.com\/index.php\/wp-json\/wp\/v2\/categories?post=77344"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.colombotelegraph.com\/index.php\/wp-json\/wp\/v2\/tags?post=77344"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}