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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
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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%

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