IMF grants Sri Lanka $2.6B loan
None
The International Monetary Fund has approved a $2.6 billion loan to help Sri Lanka weather the global economic crisis and rebuild war-torn regions, the BBC website reported Saturday.
The first $322 million of the 20-month loan is available immediately, with the rest subject to quarterly reviews. Britain and the US abstained from the vote, citing humanitarian concerns during the government's recent fighting against Tamil Tiger rebels. (Ynetnews)
