Sri Lanka: Case shows vulnerability at the top of worlds financial institutions
Immediately after the Vanni War, the International Monetary Fund (IMF) committed the worst financial misdeed of coming to the rescue of genocidal Sri Lanka in July 2009, by passing a whooping US$ 2600 million loan. Colombos Central Bank chairman AN Cabraal described the IMF decision as a big victory and a huge boost in confidence for Sri Lanka, adding, The IMF has accepted the Mahinda Chintanaya ...