Financial Times

Govt. will not accept conditions at Development Forum
The government will not accept any unfavourable conditions in return for aid pledges at the Development Forum to be held in Kandy this month, Finance Ministry Secretary Dr P. B. Jayasundera said last week.

"We're not making any promises," he told a news conference on the Development Forum to be held on May 16-17. "The government will not agree to impossible conditionalities for the sake of money."

But, he said, donors naturally prefer borrowing countries to adopt practical ways of generating economic returns and to ensure that there are no budgetary risks in spending patterns.

The forum will focus on post-tsunami reconstruction work and the government's new high growth, poverty reduction strategy outlined in the 2005 budget.

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