IMF loan and its conseqences

Finally Sri Lankan government is able to get IMF loan overcomming the some opposition protests.This will be a huge relief for the Sri Lankan government since their foreign currency reserves are in very low leval.This situation occured not because sri lankan own crisis but due to global financial crisis which reduced the income of lanka's apperal industry.
Opposition parties specilly UNP are accusing governement by saying government has bent to the IMF to get this loan.But governement replied that there are no harmfull conditions with this loan.According to the IMF this loan is aimed at addressing shor term economic needs of the country which is facing balance of payment difficulties while laying long term sustainable growth.
It is surely helpfull for local financial sector as well.Sudden increase of colomo stock exchange index after getting the news of IMF deal indicates it.

IMF loan

There are lot of discussions going on regarding IMF loan for Sri Lanka these days.Pro LTTE groups and some NGO's are even signing petition to stop this. UNP accuse that it is against the Mahinda Chintanaya which was the UPFA election manifesto of 2005 presidentaial election. We remember that Wimal weerawansa who was with the JVP those days said that Mahinda led government would remove the plug from world bank and IMF.But now government has no other option rather getting fund from IMF because financial sector is in dire situation in terms of capital reserves.
In my opinion,getting an IMF loan is not bad thing since those agencies are here to help developing countries.Lets see whats gona happend in near future..

Latest rankings of economics departments

Here is the latest rankings of asian economics institutions.
http://ideas.repec.org/top/top.asia.html

4 of top 5 are Israel universities..