by Darini Rajaisngham-Senanayake
As the visiting International Monetary Fund (IMF), the team boarded a return flight to Washington DC after a week in Colombo, the Paris Club, stepped in through a revolving door at the strategic Indian Ocean island’s Bandaranaike International Airport in the first week of September.
The signing of a ‘Staff Level Agreement’ with the deeply unpopular ‘Ranil Rajapakse’ regime accused of Economic Crimes was announced before the IMF team’s departure. However, the contents of the agreement like the IMF’s Debt Sustainability Analysis Report on Sri Lanka remain shrouded in mystery except for news of a $2.9 billion loan to be disbursed over 4 years!
Stepping into Sri Lanka on the heels of the departing IMF team, the Paris Club (PC), issued a statement that it was ready to engage in the country’s (dollar-denominated) Debt Restructuring. This is in the wake of a hastily Staged Default in April this year–for the first time in Sri Lanka’s history as Cold War escalated in the Indian Ocean Region.
The PC also echoed the IMF’s admonition that the strategic island nation would need to get all its creditors, particularly bi-lateral lenders, China and India, and other new, mainly, southern development partners’ consent to a debt reduction ‘haircut’ in order to receive the $2.9 billion loan.
Fabio is the Director and Editor of Gospa News; a Christian Information Journal.
Fabio Giuseppe Carlo Carisio, born on 24/2/1967 in Borgosesia, started working as a reporter when he was only 19 years old in the alpine area of Valsesia, Piedmont, his birth region in Italy. After studying literature and history at the Catholic University of the Sacred Heart in Milan, he became deputy director of a local newspaper and specialized in judicial reporting.
For about 15 years he is a correspondent from Northern Italy for the Italian newspapers Libero and Il Giornale, also writing important revelations on the Ustica massacre, a report on Freemasonry and organized crime.
With independent investigations, he collaborates with Carabinieri and Guardia di Finanza in important investigations that conclude with the arrest of Camorra entrepreneurs or corrupt politicians.
In July 2018 he found the counter-information web media Gospa News focused on geopolitics, terrorism, the Middle East, and military intelligence. He is a correspondent from Italy for the French news site Reseau International.
He worked for many years for the magazine Art & Wine as an art critic and curator
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