Sri Lanka denies IMF loan delay

Article Date: 
30 Apr 2009

Sri Lanka has denied reports that a proposed loan from the International Monetary Fund (IMF) is being delayed by the US, officials say.

American officials said the move was aimed at putting pressure on Colombo to do more to help civilians caught up in the fighting in the north.

But a senior Sri Lankan official says the talks are on schedule.

Sri Lanka has been holding talks with the IMF for a loan of nearly a $2bn to weather the global economic crisis.

International concern

The Sri Lankan government has been under immense pressure from the international community to declare a temporary ceasefire with Tamil Tiger rebels to allow tens of thousands of civilians safely to leave the war zone in the north-east.

President Mahinda Rajapaksa has again ruled out a halt in the military offensive against Tamil Tiger rebels and says the West should not lecture him about it.

Article Source: 
BBC World News