COLOMBO, (AFP) - Tsunami aid helped Sri
Lanka's balance of payments swing to a surplus in the first half
of 2005 even as the country's trade deficit widened on higher
oil prices, the Central Bank of Sri Lanka said Thursday.
The balance of payments, a record of receipts
from and payments to the rest of the world, rose to a surplus of
174 million dollars from a deficit of 223 million dollars in the
same period a year ago, the central bank said in a statement.
But exports in the first half jumped 11.5
percent to 2.90 billion dollars, while imports rose by 10.3
percent to 4.11 billion dollars, mainly because of higher oil
prices, for a trade deficit of 1.21 billion dollars, the central
bank said.
The balance of payments benefited from
remittances from Sri Lankans working abroad, international donor
aid and debt relief following the December 26 tsunami disaster,
the central bank said.
Officials said the island nation saved 300
million to 500 million dollars in debt repayment after
international lenders rescheduled or cancelled loans following
the tsunami which killed 31,000 people and left one million
homeless.