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
Iran, Sri Lanka speakers discuss expanding bilateral ties
-- [4 hours ago]
Sri Lanka's main concern is achieving a sustainable future - President
-- [5 hours ago]
Sri Lanka to lead the Commonwealth Center for Digital Health
-- [6 hours ago]
Interpol red notice for Sri Lanka's former Central Bank governor
-- [7 hours ago]
Great Place To Work® ranks 99X Technology among Asia's Best Workplaces for 2018
-- [7 hours ago]
Sri Lanka should push ahead with reforms as economy remains vulnerable to adverse shocks - IMF
-- [7 hours ago]
Indian Cultural Centre presents an evening of instrumental music by Soundarie David Rodrigo & ensemble
-- [8 hours ago]
UNDP supports Sri Lanka to 'Build Back Better' after natural disasters
-- [8 hours ago]
Minister instructs Mirissa hoteliers to obtain SLTDA registration
Bank of Ceylon records Rs. 54 billion ATM/CDM transactions this during New Year festive season

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.