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No IMF help till August, will there be alternatives?

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reyaz

reyaz
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

On a light note, the World economy is taking a dive down the trench called "Recession". Crazy leaders building castles in the air driving in their Cadillacs or Mercs without realising that the people are ahead of the curb ready to takeover the country either through elections or revolution(s). I will be failing you by not staying on topic, the IMF, are they here to help? they are, I don't doubt that. But all they can do is arrange discussions with lenders. Whether they agree to give loans or are willing to be donors depends entirely on how officials from burrowing countries present facts to them. 

Why I started this topic is because lenders have not given positive feedback (They would have given a word sooner provided officials/politicians had a good plan) and unless anyone has access to leaked videos in "closed door" meetings, there is really no way to reaffirm commitment , coupled with the fact that nobody knows howmany times they (IMF) had meeting on Sri Lanka and whether lenders have refused to lend to corrupt politicians. (basically howmany times decision relating to lending to SL has been postponed/rejected). Everybody expected a positive feedback by this month(December). But now the word is that there will be decision by next month. Who is to say they will postpone it further while children suffer due to malnourishment and vulnerable groups suffer because of shortage of medicine?

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