Loans are legal – CB governor
March 19, 2010 12:23 pm
Central Bank Governor Ajith Nivaard Cabraal speaking exclusively to Ada Derana said that the Government had not taken any illegal loans and that all loans received the approval of the Finance Minister and Parliament.
UNP leader Ranil Wickremesinhge on March 17 said that foreign loans that are illegal will not be repayed if a UNP Govt. comes into power.
When Ada Derana queried Cabraal on Wickremasinghe’s claim that he will re-negotiate the IMF loan under a UNP govt. Cabraal questioned whether the UNP would re-introduce Privatisation and reduce the state sector as the they had done in past IMF deals.