Sri Lanka News Updates with Discussions

New Delhi: Former Sri Lankan prime minister Ranil Wickremasinghe has said the Sri Lankan military offensive against the Liberation Tigers of Tamil Eelam (LTTE) will be over by the end of this month.

Sri Lanka foreign loan program 'difficult' under current conditions: official
Nov 18, 2008 (LBO) - Sri Lanka's infrastructure projects could face delays if the island is unable to raise over half a billion dollars though commercial loans amid tough conditions in global financial markets, a top official said.

Plans for raising up to 300 million dollars early next year through a syndicated loan also looks doubtful.
Some of the major banks have indicated that they find it difficult under the current financial conditions in the global market, says Weerasinghe who also heads the Central Banks influential Economic Research Department.

Meanwhile over 500 million dollars borrowed from commercial banks here including 'Sri Lanka Development Bonds' also come up for renewal next year.

Meanwhile state-run Ceylon Petroleum Corporation has also run up debts of 1.1 billion dollars with the Iranian government.

Defending the peg cost the Central Bank 800 million dollars from Sri Lanka s reserves which fell to 2.6 billion dollars in October. More money has been spent since then.

But other analysts have warned that the problem may not be over. A key problem is intervention. So far the bulk of the reserves have gone to cover trade transactions.

for prbha if he plays his card right and inflict a heavy loss on sla that will be curtains for sorry lanka/they will never have the money or energy to ever againn put in an effort like this

kill and maim them to the maximum

ltte bases even at anuradhapuram/wilpattu /moneragala

they will never have the money or energy to ever againn put in an effort like this

Randu,

Whatever happened to RanilW????? Moota pissuda?

Did ChennaiGuy Quit LNP ?