Saturday, July 25, 2009

IMF Exco Approves 2.6 Billion US Dollar Loan For Sri Lanka

International Monetary Fund(IMF) Executive Board yesterday approved the much debated 2.6 Billion US Dollars Standby Agreement for Sri Lanka.The Board also decided to release 322.2 Million US Dollars Immediately according to the Sri Lankan Ministry Of Finance.

IMF delayed approving this Loan since early part of this इयर due to the Pressure of some Western Powers who urged to consider Sri Lanka's Human Rights record during the War against LTTE when granting the Loan.
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