Publication

This paper addresses Sri Lanka's need of an IMF loan to service its external debt as a result of external borrowings which are also related to oil-hedging deals. The publication discusses an old debate on international aid, its relevance and effectiveness that the pending IMF loan has re-opened. The author hopes that, in a post-conflict situation in Sri Lanka, the IMF loan and other international aid would be conditional on a scenario where moderate Tamil voice that had been stifled by the LTTE and paramilitaries allied to the government would be heard again.