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.
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