Inflation ( CCPI)0.9% (March 2024)
GDP4.5% (4Q 2023)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.90%
12M T-Bill Rate10.21%
2Y T-Bond Rate10.85%/ 11.00%
4Y T-Bond Rate12.10% / 12.20%
USD/LKR298/299
Reserves $4.951Bn (March 2024)
Cum. Trade Deficit $860 Mn (Feb 2024 cumulative)
Cum. Fiscal DeficitLKR 2,020 Bn (Nov 2023)

IMF project; SL to depend on Bilateral & Multilateral borrowing and FDI for next few years

IMF & Sri LankaMar 23, 2023
IMF project; SL to depend on Bilateral & Multilateral borrowing and FDI for next few years

Sri Lanka is exposed to an average of USD 6Bn gross external finance needs for the coming four years. This needs to bridge via government, private sector borrowing, and FDIs. IMF projects that SL will depend on Bilateral & Multilateral borrowing till 2026 along with optimistic FDIs.

The annual average FDI flow in the last four years to Sri Lanka was USD 612Mn, where IMF expects it to be doubled. Meantime annual average of private sector borrowing from external parties has been USD 550Mn for the last four years and IMF expects it to be an average of USD 950Mn for the rest of the years.

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