Inflation ( CCPI)4.0% (Aug 2023)
GDP-3.1% (2Q 2023)
Unemployment4.8% (4Q 2022)
3M T-Bill Rate18.12%
12M T-Bill Rate13.32%
2Y T-Bond Rate14.60%/ 15.00%
4Y T-Bond Rate14.50% / 14.90%
USD/LKR322/323
Reserves $3.60Bn (Aug 2023)
Cum. Trade Deficit $2,623 Mn (July 2023 cumulative)
Cum. Fiscal DeficitLKR 1,243 Bn (June 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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