IMF

On March 4 of this year, the Government of Sri Lanka requested a $1.9 (USD) billion loan from the International Monetary Fund to help shore up the country’s diminishing foreign exchange reserves. Moreover, the Government sought this loan to fund the resettlement, rehabilitation and reconstruction work in the Northern Province, and to continue the rapid development of the Eastern Province.

The “No to Sri Lanka” campaign endeavours to draw attention to the Government of Sri Lanka’s contribution to the current humanitarian crisis and its inherent disregard for international oversight. In this regard, third party assistance via foreign aid is at risk of being seconded in order to finance and fuel an arbitrary military campaign on the nation’s citizenry.

The movement to boycott Sri Lanka holds the IMF responsible for potentially contributing to systematic and protracted acts of genocide against Sri Lanka’s Tamil population. By virtue of financing the unrelenting cycle of violence, the IMF jeopardizes its position as a major global power in the international sphere.