Blocking IMF loan smacks of hypocrisy - PPID

The Point Pedro Institute of Development (PPID) is intrigued by the decision of the United States to oppose an IMF loan to Sri Lanka “until there is a resolution” (of the conflict). We have also learned of the United Kingdom’s backing of the US stance, states a PPID press release.

This position of the US vis-…-vis Sri Lanka smacks of hypocrisy. The US decision comes amidst several other “humanitarian issues” including reports of the death of nearly one hundred children in Afghanistan resulting from a battle between US troops and Taliban forces in early this month.

The US stand on Sri Lanka is in sharp contrast to their reluctance to allow the UN Security Council to discuss the UN Board of Inquiry Report on Israel’s invasion of Gaza on May 13, and their approval of almost 11 billion dollars of credit to Colombia by the IMF earlier this week.

PPID urges the Government of Sri Lanka (GoSL) to not succumb to the monetary diplomacy of the Governments of the United States and the United Kingdom, and persevere with its mission to exterminate the leadership of the Liberation Tigers of Tamil Eelam (LTTE).