Sri Lanka rupee, shares down on IMF loan doubt

Article Date: 
13 May 2009

Sri Lanka's rupee and stock market .CSE fell on Wednesday on concern over doubts on a $1.9 billion International Monetary Fund (IMF) loan after a British minister hinted at withholding it to punish Sri Lanka...

However, the Central Bank Governor Ajith Nivard Cabraal told Reuters the views expressed by individuals were political speculation.

"There is absolutely no risk as far as we are concerned," he said. "IMF is not a political organisation and we have requested the loan well ahead of the time we need it. There are (dollar) inflows and enough reserves. So we can meet any obligations."

Article Source: 
Reuters