Inflation ( CCPI)1.7% (June 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.14%
12M T-Bill Rate9.95%
2Y T-Bond Rate10.10%/ 10.20%
4Y T-Bond Rate11.60% / 11.70%
USD/LKR303/304
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $2,180 Mn (May 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

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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