Chartered Institute of Management Archives

Time for finance professionals to step up – by Aubrey Joachim Now is an opportunity for finance professionals and finance bodies to redeem themselves and proactively do what is required of them to bring Sri Lanka back on track, emerge from the economic doldrums and maybe realise those lofty visions of economic grandiose Source:FT The long awaited IMF bailout package has finally materialised – although just! Only the first tranche of the $ 2.9 billion loan has been released with some $ 333 million reaching the Central Bank coffers a few weeks ago. The balance will drip feed over the next four years – subject to regular six monthly IMF audits to check if the country is adhering to the strict conditions attached to granting of the loan. This is the 17th time that an IMF bailout has been granted to Sri Lanka with a number of them being ...