Lankapage Logo Recent Top Stories
CP 14 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lanka opposition party says the IMF rejected the loan request
Tue, Feb 12, 2013, 09:29 pm SL Time, ColomboPage News Desk, Sri Lanka.

Feb 12, Colombo: Sri Lanka's main opposition United National Party (UNP) says that the International Monetary Fund (IMF) has refused to grant a fund facility requested by the government.

UNP General Secretary Tissa Attanayake said that the Central Bank has tried to mislead the people by saying it did not want any IMF funds since the country had sufficient reserves.

"In reality, it is the IMF that has rejected the government's request," he observed.

He explained that the country was in a debt trap since the government had taken loans from the IMF, China and other private banks.

"The government is now trying to spin a tale to cover the fact that the IMF had rejected the government's request due to the current state of the economy," Attanayake said.

During a meeting with an IMF delegation to the country recently, opposition parliamentarians Ravi Karunanayaka, Kabir Hashim and Dr. Harsha de Silva had expressed concerns over the government's economic policies to the visiting delegation.

The opposition MPs had explained that in the event the IMF agrees to grant the US$ 1.5 billion budgetary support facility requested by the government, the Fund would be accused of aiding and abetting the government's mismanagement of finances.



ColomboPage - Recent 10 Stories
John Keells Holdings opens trading at Sri Lanka Bourse
-- [3 hours ago]
Sri Lanka Army not to withdraw troops, camps from North
-- [3 hours ago]
Sri Lanka's brand value expected to surpass country's GDP in 2015
-- [3 hours ago]
Sri Lankan government committed to protect natural resources - President
-- [5 hours ago]
Sri Lankan legislator lodges complaint at bribery commission against its head
-- [6 hours ago]
Sri Lankan PM's office says the university students-police clash 'regrettable'
-- [6 hours ago]
Sri Lanka investment promotion agency joins Customs to facilitate round-the-clock service for exporters
-- [7 hours ago]
Sri Lankan government makes arrangements to evacuate expatriates in Yemen
-- [8 hours ago]
Sri Lankan court releases UPFA MP Duminda Silva and 10 others on bail
Sri Lanka Supreme Court to hear 18 petitions on 19th Amendment today

Copyright © 2000, 2012 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.