Sunday, May 24, 2009

New minibrand economic diplomacy

By the Economist

(ST)We have witnessed some of the strangest exercises in diplomacy touching the economy of the country. First, it was British, second it was American. Miliband of Britain and Clinton of US attempted to use the IMF decision on lending to Sri Lanka as a tool to stop the war against the terrorists that has now been won. In the process their words have added a further dimension of uncertainty with respect to the impending IMF loan facility. Furthermore their conduct has cast aspersions on the IMF as a competent international financial institution. Full text Share on Facebook