Friday, April 03, 2009

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..

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