Saturday, May 16, 2009

Delay of loan: Amunugama displeased

By Sandun A Jayasekera

(DM)The government expressed its disappointment and displeasure yesterday over the delay to approve the US$ 1.9 billion IMF loan consequent on the negative

political comments made by the US and UK on the suitability of releasing the loan. Public Administration and Home Affairs and Deputy Finance Minister Dr. Sarath Amnugama told Daily Mirror yesterday that the board of the IMF had put in place all the basics for approving the loan the when the UK and US had cast doubts on Sri Lanka’s utilising the loan for the agreed purposes. Full text