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Thursday, July 09, 2009 - 05.10 GMT

U.S. never threatened to block the IMF loan to SL

 
The U.S. government has on no occasion, either publicly or privately, threatened to block the IMF loan to Sri Lanka on political grounds, said Mr. James Moore, chargé d’ affaires of the U.S. Embassy clarifying the U.S. position regarding the IMF loan facility to Sri Lanka on July 8.

He explained that the decision will be taken by the Executive Board of the IMF, of which U.S. is a member, based only on economic criteria and not political factors.

He also added that the U.S. Government and other members of the Board will review and consider the loan on financial and economic criteria after such time when the Government of Sri Lanka submits the Letter of Intent to the IMF.


 

 


 



 
 
   
   
   
   
   

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Last modified: July 09, 2009.

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