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
Chinese national arrested at Sri Lanka airport trying to smuggle Wallapatta
-- [3 hours ago]
UNP Chief ministerial candidate says meeting with President's son accidental
-- [4 hours ago]
Japanese Prime Minister to visit Sri Lanka next week
-- [5 hours ago]
Sri Lankan President likely to meet Indian PM on the sidelines of UN GA
-- [5 hours ago]
Sri Lanka Marxist party to lodge complaint with rights commission on election law violations
-- [6 hours ago]
Sri Lanka to begin own probe on war crime allegations soon
Sri Lankan President instructs to start a sea water purification project
Former Secretary General of Sri Lanka Parliament Sam Wijesinha passes away
Sri Lanka national carrier celebrates its 35th anniversary
UNP MP Sajith Premadasa to participate in campaigning for Uva PC election from tomorrow

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.