Empower your business in Sri Lanka and internationally with Prifinance expert corporate and financial services. Streamline company formation and investment opportunities with our tailored advice and solutions.

IMF loan “urgency” easing, won’t beg for aid: CB chief

June 12, 2009 (AFP) - War ravaged Sri Lanka will not beg for foreign aid even as a 1.
buy lipitor online buy lipitor online no prescription

9 billion dollar bailout from the IMF has been delayed, the island's central bank chief said on Friday.
buy antabuse online buy antabuse online no prescription

"We will never go after donors or lending agencies with a begging bowl.
buy nolvadex online buy nolvadex online no prescription

We are capable of standing on our own and raise funds through capital markets," Central Bank of Sri Lanka Governor, Nivard Cabraal, told AFP.

Sri Lanka tapped the International Monetary Fund in March in a bid to stave off its first balance of payment deficit in four years after the island's foreign currency reserves fell to around six weeks worth of imports.
buy elavil online buy elavil online no prescription

The loan has been delayed due to political pressure from the US, Britain and other Western nations over Colombo's handling of the final stages of the battle against Tamil separatists and charges that thousands of civilians were killed.

The United States is the main shareholder in the IMF and its approval is key to the release of the money.

Despite pressure from the West, Cabraal said he was confident the rescue package would be approved.

The island's 37-billion-dollar economy was caught up in the global economic crisis last year, with exports of garments

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
Top
0
Would love your thoughts, please comment.x
()
x