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$ 2.5b IMF windfall boosts Sri Lanka
In what could be the biggest international vote of confidence on Sri Lanka in general and the government in particular, the IMF yesterday confirmed a US$ 2.5 billion support package for the country to boost foreign reserves, rebuild the North East and rejuvenate the economy.
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UNP claims govt. sold out; Amunugama says
welfare subsidies intact despite IMF conditions
The UNP yesterday charged that the government was bowing down to IMF conditions and cutting down on welfare subsidies and other forms of public spending to obtain the loan.
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President Mahinda Rajapaksa who kicked off Government’s local polls campaign in the Uva Province during the weekend received slew of jubilant greetings and affection from the people proving his ever rising popularity. Yesterday’s breakthrough in Sri Lanka securing a higher IMF support of US$ 2.5 billion will prove his and Lankan critics wrong. This vote of confidence on the government is expected to further strengthen Rajapaksa’s popularity. Here the President is being greeted by the Ranaviru families in Uva Wellassa while yesterday in Moneragala he urged all
communities to engage in the development process.
Pic by Sudath Silva
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Sampath Bank, DFCC Vardhana team up to boost ATM link
Nation’s pioneer banking and financial services provider, Sampath Bank joined forces with DFCC Vardhana Bank, a leading and a long standing financial institution in Sri Lanka, to offer more comprehensive ATM network facilities with wider location coverage in the island for their customers.
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