|
|
Sri Lanka to get $ 2.5 B IMF loan
Wednesday, 17 June 2009 - 7:09 PM SL Time
 Share On Facebook
|
|
|
Sri Lanka is expected to receive a US $ 2.5 billion loan from the International Monitory Fund (IMF) this month, a top Central Bank official told Daily Mirror on condition of anonymity.
The loan is more than the US $ 1.9 B that Sri Lanka had sought from the IMF, the official added, although there was no official confirmation from the IMF yet.
A Reuters report, meanwhile, said Sri Lankan shares rose on Monday to a new nine-month high, led by foreign buying of blue chips on an expected IMF loan approval and continued local purchases of plantation and hotel shares.
The rupee closed flat as a state bank bought dollars. The Colombo All-Share Price Index rose 1.4 per cent or 31.50 points to 2286.12, its highest close since Sept 16.
It was a very active market, said Shivantha Meepage, a research analyst at Acuity Stockbrokers. There is high hope of Sri Lanka getting the IMF loan soon. Foreigners bought blue chips, while retail investors bought plantation and hotel shares.
Analysts say foreign funds have been slow to come to the market, which has been driven higher by retail buyers on positive sentiments since the war ended on May 18.
High oil prices, which go along with synthetic rubber prices, and high tea prices had pushed up plantation shares, analysts said. Oil eased to around $71 a barrel on Monday, retreating from a near eight-month high last week.
Sri Lanka s average total tea price has jumped around 22 per cent to 342 rupees in May, from January on high global demand. The bourse has risen around 20 per cent since the government declared victory in the 25-year war and is up 52.1 per cent so far this year on post-war optimism.
|
|
|
mareesa03
Senior Member
Joined: Oct 2006
Posts: 1273
Member Profile
|
 17 Jun 2009 12:26:29 GMT Report for Abuse
|
Sri Lanka to get $ 2.5 B IMF loan..
The Sinhalese have no idea, who is going pay this back?
That is the reason,they are called 'Modayas'
Most of the Money will be looted by the Rajapaksa siblings ane their generations.
Getting loan from IMF, is not like winning a Cricket match,than it is a shameful act for the Country.
The poor will be more and more effected,but the politicians will ride on the Tigers back and loot all the money.
Poor Sinhalese,Rajapaksa is fooling them very badly..
Ane paw???
|
deborak
Joined: Sep 2008
Posts: 10135
Member Profile
|
 17 Jun 2009 12:32:28 GMT Report for Abuse
|
Beg Beg Beg...... this will be the state of Sri Lanka
So what the fck you r going to loose..u r a foriegner keep out of aour affairs!
|
TNTamil
Joined: Feb 2007
Posts: 1476
Member Profile
|
 17 Jun 2009 12:33:21 GMT Report for Abuse
|
You sick Tamil losers.
Nobody can stop Sri Lanka.
We are the greatest.
Our leader is a king.
We are super duper.
Nobody can beat us at killing at home and begging outside. |
deborak
Joined: Sep 2008
Posts: 10135
Member Profile
|
17 Jun 2009 12:34:14 GMT Report for Abuse
|
Poor Sinhalese,Rajapaksa is fooling them very badly..
Yes he fooled us telling that he will see that Sri Lanka is free from SUN _DOG the traitor!
Ane paw???
|
AndyLau
Joined: Oct 2006
Posts: 7453
Member Profile
|
17 Jun 2009 12:35:13 GMT Report for Abuse
|
| Hands up those who want a passport from the 'Tamil Eelam Transvestite' State! |
deborak
Joined: Sep 2008
Posts: 10135
Member Profile
|
17 Jun 2009 12:35:34 GMT Report for Abuse
|
Nobody can beat us at killing at home and begging outside.
TNTtamil modaya is about to self immolate!!ike that muthukumaran modaya!
:))))))) |
Roshan2007
Joined: Dec 2006
Posts: 3009
Member Profile
|
 17 Jun 2009 12:40:17 GMT Report for Abuse
|
Poor Sinhalese,Rajapaksa is fooling them very badly..
Your Thalaivar got fooled by Mahinda and got his head axed. -:)
|
AndyLau
Joined: Oct 2006
Posts: 7453
Member Profile
|
17 Jun 2009 12:46:30 GMT Report for Abuse
|
chennai would be devastated
Where is that Hijra Chennaimadaya? |
|
Search All News and Discussions
17 Jun 2009 12:16:13 GMT