Wednesday, June 10, 2009

Lanka will not beg for aid: Central Bank Chief

Sri Lanka would never go after donor countries or agencies with a begging bowl for aid hereafter, despite the fact that the IMF could approve at any moment the first trance of the US$ 1.9 billion loan that Sri Lanka has negotiated, Central Bank Governor Ajith Nivard Cabraal said.

He said the World Bank, ADB and several other friendly countries had responded positively for assistance for the reconstruction and resettlement process,

“We have the capability to stand on our own and necessary funds are available locally for the resettlement and reconstruction in the North. With our new found dignity and identity in the international community Sri Lanka does not want to go after anyone for aid with bended knees. But we accept whatever assistance offered without strings and with respect,” Mr. Cabral stressed.

“No risk is involved in obtaining the IMF loan as it is entirely a non political transaction between the IMF and a member state. Besides, we have a right to seek IMF funds as a member and the IMF has an obligation to approve it in due course. The IMF has categorically said the loan will be approved,” Governor Cabraal told the Daily Mirror yesterday.

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