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)

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%

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