Inflation ( CCPI)1.5% (April 2024)
GDP4.5% (4Q 2023)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate8.76%
12M T-Bill Rate9.29%
2Y T-Bond Rate10.00%/ 10.05%
4Y T-Bond Rate10.70% / 10.80%
USD/LKR299/300
Reserves $5.438Bn (April 2024)
Cum. Trade Deficit $1,229 Mn (March 2024 cumulative)
Cum. Fiscal DeficitLKR 2,320 Bn (Dec 2023)

Sri Lanka require to show strong ownership for the reforms to succeed IMF pogrom

EconomicsMar 20, 2023
Sri Lanka require to show strong ownership for the reforms to succeed IMF pogrom

A severe recession amid high inflation, depleted reserves, an unsustainable public debt, and heightened financial sector vulnerabilities pushed the country to bankruptcy. Institutions and governance frameworks require deep reforms to see light at end of the tunnel.

For Sri Lanka to overcome the crisis, swift and timely implementation of the EFF-supported program with strong ownership of the reforms is critical.

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