Sri Lanka welcomes IMF bailout

Sri Lanka welcomed Tuesday a tentative agreement with the IMF for a 2.5-billion-dollar bailout as the country emerged from a near four-decade-long separatist war. Sri Lanka’s Central Bank chief Nivard Cabraal said the International Monetary Fund’s announcement Monday of the preliminary agreement on the loan would send a much-needed positive signal to investors. "For the… Continue reading Sri Lanka welcomes IMF bailout

Sri Lanka agrees to $2.5B IMF loan – upiasia

The International Monetary Fund has agreed to a $2.5 billion loan to Sri Lanka, subject to approval by the IMF executive board, officials said. IMF Managing Director Dominique Strauss-Kahn said in a news release Monday the executive board will consider the matter Friday. Once approved, the loan would allow Sri Lanka initially to draw up… Continue reading Sri Lanka agrees to $2.5B IMF loan – upiasia

ICRC cuts back S.Lanka operations after govt order

The Red Cross on Monday announced the closure of four offices in Sri Lanka following a government order to foreign aid agencies to scale down operations. The International Committee of the Red Cross (ICRC) said its four offices in the embattled eastern province were closed at the weekend. "The ICRC reaffirms its commitment to meet… Continue reading ICRC cuts back S.Lanka operations after govt order

SRI LANKA: Defeated, friendless Tamils face annihilation – NEWSWEEKLY

 by Dr John Whitehall On May 19, the Sri Lankan Government declared victory over the Liberation Tigers of Tamil Eelam (LTTE) who, for some 25 years, had led the struggle for autonomy for ethnic Tamils in their traditional region, the lowlands of north-east Sri Lanka. The victory was won with overwhelming firepower that fell indiscriminately… Continue reading SRI LANKA: Defeated, friendless Tamils face annihilation – NEWSWEEKLY

French aid agency wants probe of Sri Lanka deaths

A French aid agency is demanding an international investigation into the massacre of 17 of its workers in Sri Lanka three years ago, after a government inquiry reportedly failed to identify the killers. The Action Against Hunger local workers were found killed execution-style in a region rocked by heavy fighting between government soldiers and separatist… Continue reading French aid agency wants probe of Sri Lanka deaths

Policy on Tamils haunts India

Setting the parameters based on 13 plus and ruling out federal, the Colombo – Chennai – New Delhi axis is learnt to be pressurising Tamil political circles to come out with a political formula, as early as possible, to hastily close the file on Tamil nationalism and to hide all skeletons under the cupboard. The… Continue reading Policy on Tamils haunts India

US Congress places Rights barriers on Sri Lanka IMF loan

The language inserted in the Department of State Appropriations bill S.1434 soon to be passed in the United States Senate, has virtually blocked U.S. Treasury Secretary from authorizing the projected $1.9B IMF loan to Sri Lanka, unless Secretary of State Hilary Clinton certifies that Sri Lanka "is treating internally displaced persons in accordance with international… Continue reading US Congress places Rights barriers on Sri Lanka IMF loan