Written by admin• November 11, 2023• 6:51 pm• Background Note, Debt Update, Insights, Policy Briefs, Research Briefs, Research Reports • Views: 0

Central Bank’s 30 Year Bond Debacle: What is the Loss?

In February 2015 the Central Bank of Sri Lanka called an auction for one billion rupees on a 30 year bond. It then accepted 10 fold – 10 billion rupees – after the bids were in. This Insight identifies three errors in the published calculation of the monetary loss, and recalculates it at 0.9 billion rupees. It also highlights two other issues: conflict of interest, and confidence in institutions, which add to the negative consequences of the Central Bank decision.

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Last modified: November 11, 2023

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Verité Research, as the name implies, is an independent think tank with research at its core. We carry out this research along four areas – economics, politics, media, and law. Leveraging this research, we provide strategic analysis and advice to governments, organisations, and the private sector in Sri Lanka and beyond.