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)

Sri Lanka met the IMF target for Treasury guarantees (Sep) 2023 but allowed some leeway for December

IMF & Sri LankaDec 14, 2023
Sri Lanka met the IMF target for Treasury guarantees  (Sep) 2023 but allowed some leeway for December

Sri Lanka has been using Treasury guarantees to borrow funds while avoiding traditional borrowing limits. It had crossed LKR 3Tn in March. However, along with the IMF program, the practice was forced to be limited.

Somehow IMF has given some leeway towards the end of the year for the government to manage the overall balance of payment by lifting the earlier limit of LKR 1.7Tn to LKR 2.1Tn.

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