Inflation ( CCPI)25.2% (May 2023)
GDP-12.4% (4Q 2022)
Unemployment4.8% (4Q 2022)
3M T-Bill Rate25.65%
12M T-Bill Rate22.91%
2Y T-Bond Rate29.25%/ 30.00%
4Y T-Bond Rate27.25% / 27.35%
USD/LKR292/293
Reserves $2.75Bn (April 2023)
Cum. Trade Deficit $1,443Mn (April 2023 cumulative)
Cum. Fiscal DeficitLKR 2,300 Bn (Dec 2022)

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
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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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