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)

Sri Lanka starts the progress review with IMF on it's loan of USD 2.9Bn

IMF & Sri LankaSep 14, 2023
Sri Lanka starts the progress review with IMF on it's loan of USD 2.9Bn

Sri Lanka expects to discuss the progress it made so far to secure the continuation of the IMF bailout package of USD 2.9Bn for the next four years. The government is confident about the progress on quantitative and qualitative targets set by IMF that are required to be fulfilled to receive the second track of loan installment of about USD 311Mn.

The country has restructured its SLDBs (FX-denominated domestic debt), 84% of the Superannuation funds (LKR-denominated domestic debt) and expects to complete the restructuring of the LKR-denominated debt held by CBSL along with CBSL advancers given to the government, which will complete the domestic debt restructuring process.

It was learned that external debt ( loans taken from other countries and private investors) restructuring will commence only after completion of the domestic debt restructuring.

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