Lankapage Logo Recent Top Stories
Go Home Home Serving the Sri Lankan community globally since 2000
go to

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
India offers military assistance to modernize Sri Lanka Army
Visiting Indian Army Chief meets Sri Lanka's Prime Minister
Sri Lanka’s CIC sells Chemifix trademark for Rs 345 million
IOM commends Sri Lanka's leadership of the Colombo Process
Sri Lanka and France renew commitment to deepen engagement in sports development
Pakistani naval ship arrives in Sri Lanka port on a goodwill visit
Former President says Sri Lanka's economy took a 'palpable' downturn with new government
Will never compromise national security, Sri Lankan President assures
Sri Lankan President attends UN climate conference in Paris
Sri Lanka inflation rises to 3.1 percent in November 2015

Copyright © 2000, 2012 by (LLC) :
The news and other contents on ColomboPage are copyrighted property of, 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, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.