Inflation ( CCPI)1.7% (June 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.55%
12M T-Bill Rate10.07%
2Y T-Bond Rate10.55%/ 10.65%
4Y T-Bond Rate11.80% / 11.85%
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $2,180 Mn (May 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

Sri Lanka is at high risk of paying surcharge for IMF in future

IMF & Sri LankaApr 20, 2023
Sri Lanka is at high risk of paying surcharge for IMF in future

IMF imposes additional fees on loans to its most indebted middle-income borrowers, on top of regular interest payments and service fees. These “surcharges” add an extra 2 to 3 percentage points to borrowers’ interest rates. A report estimated that Sri Lanka is also at risk of paying these surcharges.

The proportion of surcharges relative to total charges varies across countries, between 14.7% and 43.2%. Among the top five indebted countries, surcharges represent a substantial portion of total charges and interest, with an average relative weight of 40.2%


Charts represents an assessment of the market environment as of the date indicated and it is subject to change; and is not intended to be a forecast of future events or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the funds or any issuer or security in particular. The strategies discussed are strictly for illustrative and educational purposes and should not be construed as a recommendation to purchase or sell, or an offer to sell or a solicitation of an offer to buy any security. There is no guarantee that any strategies discussed will be effective.

The information presented does not take into consideration commissions, tax implications, or other transactions costs, which may significantly affect the economic consequences of a given strategy or investment decision. This document contains general information only and does not take into account an individual’s financial circumstances. An assessment should be made as to whether the information is appropriate in individual circumstances and consideration should be given to talking to a financial advisor before making an investment decisions.