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IMF loan without conditions

29 June 2010 08:50 am - 19     - {{hitsCtrl.values.hits}}

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Acting Finance Minister Dr. Sarath Amunugama presenting the budget speech in parliament a short while ago said that the IMF had approved the third tranche of a US$ 2.6 billion loan to Sri Lanka without any conditions.

More budget news: http://www.dailymirror.lk/index.php/news/budget-2010.html

 

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  Comments - 19

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  • Calistus Jayatilleke Tuesday, 29 June 2010 11:27 AM

    Of course, he is playing with words! The original approval was given with conditions of which we see the results today of price hikes, denial of wage hikes etc. So, it is obvious there are no conditions attached when releasing a part of the tranche.

    senra Tuesday, 29 June 2010 11:44 AM

    Now more dutyfree goods for our politicians and professionals. They deserve it because since independence they have made the country a power house like Singapore

    jehanlive Tuesday, 29 June 2010 11:52 AM

    Its not a loan, its a bailout. Honestly, this is not something we can be proud of.

    IM Wednesday, 30 June 2010 04:22 AM

    2010 Budget is tuned according to IMF
    No worries 3rd installment got released smoothly

    kassa Tuesday, 29 June 2010 08:53 AM

    something fishy

    SUMINA Tuesday, 29 June 2010 08:57 AM

    ISN'T REPAYMENT A CONDITION ?

    Nadarajah Sethurupan Tuesday, 29 June 2010 09:07 AM

    Again loan? who will pay back?

    RajasH Tuesday, 29 June 2010 09:11 AM

    phew sigh of relief, Karuna to withdraw his statement on resettlement.

    I Hussein Tuesday, 29 June 2010 09:15 AM

    Proudly saying loan without conditions. You must be ashamed to be a member of this selfmade 'machoman' govt Dr. Amunugama. Cardboard Champion at home begging outside.

    anura Tuesday, 29 June 2010 09:15 AM

    All conditons were agreed and signed before releasing the
    first instalment.

    Ind Tuesday, 29 June 2010 09:26 AM

    Loan means repayment follows.

    SRI LANKAN Tuesday, 29 June 2010 09:44 AM

    Like we are paying late 1960 -70 loans for Mahaweli from IMF

    ajith Tuesday, 29 June 2010 09:45 AM

    At least they got better brains than UN.

    Thisahamy Tuesday, 29 June 2010 10:16 AM

    A loan without conditions!!!

    BUGGER Tuesday, 29 June 2010 10:25 AM

    Anura is correct,plus who gives loans without conditions

    RajasH Tuesday, 29 June 2010 10:36 AM

    a loan to repay another loan.
    wait till the Chinese send the bill for the Hambantota Harbour

    Edward Tuesday, 29 June 2010 08:59 PM

    'Loans sans conditions' or not, we are still begging, and living like beggars! We are borrowing in millions! Aren't we only compelling our children and those to be borne by them, to pay for our well-being? When will we truly accept this?

    Nihal Gunatilake Tuesday, 29 June 2010 09:19 PM

    Repayment with interest, buddy - this is not a gift!

    Wasantha Tuesday, 29 June 2010 10:57 AM

    100% true. Before the IMF approval, we fulfilled all the conditions by increasing prices and postponing salary hike. After the approval no more conditions to fulfil.


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