Friday, May 15, 2009

US opposes $2 billion IMF loan to Sri Lanka: LTTE global macro effect displayed

Daya Gamage – US National Correspondent Asian Tribune

Washington, D.C. 15 May ( United States Secretary of State Hillary Clinton declared on Thursday, 14 May in Washington that until there is a resolution of the conflict this was not the appropriate time for Sri Lanka to receive the $1.9 billion International Monetary Fund loan

The U.S. which has more than 60% stakes in the IMF has almost sweeping powers in the IMF which most developing nations receive stand by loans. Full text