Inflation ( CCPI)1.5% (April 2024)
GDP4.5% (4Q 2023)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate8.76%
12M T-Bill Rate9.29%
2Y T-Bond Rate10.00%/ 10.05%
4Y T-Bond Rate10.70% / 10.80%
USD/LKR299/300
Reserves $5.438Bn (April 2024)
Cum. Trade Deficit $1,229 Mn (March 2024 cumulative)
Cum. Fiscal DeficitLKR 2,320 Bn (Dec 2023)

Exchange rate movement has a 2% impact on GFN in long run

IMF & Sri LankaJun 7, 2023
Exchange rate movement has a 2% impact on GFN in long run

GFN is an important indicator of a country's financial health and its ability to manage its fiscal imbalances. Sri Lanka currently experiencing a surge of GFN of over 30%. Along with debt restructuring and improvement of fiscal adjustment which will be a part of the IMF rescue package, Sri Lanka is expected to reduce the GFN in coming years.

Appreciation of LKR over USD would provide around 2% relief in reaching IMF targets.

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