Poser from Harsha on $ 200 m fund raiser by CB sans details
Saturday, 7 September 2013 00:00
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UNP MP Dr. Harsha de Silva yesterday alleged lack of transparency on the part of the Central Bank over the reported raising of $ 200 million from several Middle Eastern banks last week.
Following is the full text of the UNP MP’s statement:
When the Central Bank of Sri Lanka (CBSL) raises funds for the Government, information on tenor and rate at which such funds are raised is always made public. The last such statement was on 24 June when US$ 254 million was raised via Sri Lanka Development Bonds (SLDB) at rates ranging from LIBOR + 400 to 415 basis points.
But, for the first time in a long time, the CBSL has not announced to the public details of some US$ 200 million supposedly raised from several Middle Eastern banks last week. No official announcement has been made and no press statement released on this issuance.
Why is the CBSL hiding the information? Is it because that the myth that the Sri Lankan economy is doing perfectly well might be exposed? The public needs to know the truth so that they can make informed decisions instead of being carried away by Government propaganda. We demand that this information be made available without delay.
