It has now been revealed that the world’s leading media website ‘Bloomberg’ recently disclosed that the organization has started negotiations to provide loans from the International Monetary Fund to Sri Lanka without China and that the loan amount is likely to be released next March.
It was during a special discussion held in India under the leadership of representatives of the IMF regarding lending to Sri Lanka.
Krishna Srinivasan, Director of the Asia-Pacific Department of the International Monetary Fund (IMF), has indicated that the best way for Sri Lanka to receive IMF loans is to wait for China’s confirmation.
But citing the Bloomberg website, the Sri Lankan media previously reported that the International Monetary Fund (IMF) has taken a decision to approve the Executive Board for Sri Lanka’s Foreign Fund Facility (EFF) before obtaining a financial guarantee from China. But director Krishna Srinivasan says that such a thing is not being considered.
Krishna Srinivasan, Director of the International Monetary Fund’s Asia and Pacific Department, expressed this opinion in a training program held for South Asian journalists in New Delhi, India.
Director Krishna Srinivasan, who has said that he has also seen the aforementioned media reports, has said that it is not an official statement.
He said it was “too early to speculate” whether the fund would consider moving to the next step of executive board approval before receiving the necessary assurances from China.
A few weeks ago, China’s Export and Import Bank (EXIM) said it had given two years to Sri Lanka, but it was not enough for the IMF.
However, despite the fact that the media in Sri Lanka gave a lot of publicity to the false news published by the Bloomberg website, it is a notable incident that this news was not given such publicity.