Sunday, May 09, 2010
      Editorial:Fix this lingering fuzzy-mindedness  Politics:Bandula Gunawardena ‘undresses’ UNP!

A fiscal and monetary prudence program backed by the International Monetary Fund and donor loans will partly shield Sri Lanka from the fallout of a European credit confidence crisis, Standard and Poor’s rating agency has said. High spending Greece was one of the first countries to be hit by jittery investors who are nervous about rolling over loans.

Other European nations with weak fiscal management and high debt, including Spain and Portugal have also been feeling the effect of nervous lenders of late. Standard & Poor's said while Asian nations like Japan, India, and Taiwan did not have large external borrowings, Sri Lanka, Pakistan and Mongolia did.

"Sri Lanka, Pakistan, and Mongolia have significant external borrowings," S & P's credit analyst Elena Okorotchenko said in..

Legendary pole-vaulter Sergey Bubka gives a tip to young Tharindu Dananjaya, a kid who attended the Kids Athletic Programme conducted by the AASL and the Education Ministry at the Mahinda Rajapaksa Stadium at Diyagama yesterday. Also in the picture is Palitha Fernando, President, AASL. Bubka was the chief guest on the occasion and was on a one-day visit on the invitation of the AASL. (Pic by Sajith Jayasekara)




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