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* Sri Lanka to take steps to expedite multi-million dollar MCC grant
Mon, Jun 12, 2017, 09:18 am SL Time, ColomboPage News Desk, Sri Lanka.

June 12, Colombo: Sri Lanka will address the issues that need to be resolved to move foraward the multi-million dollar Millennium Challenge Corporation compact grant Deputy Minister of National Policies and Economic Affairs Dr. Harsha de Silva said.

The Deputy Minister, who is visiting the U.S., along with the Sri Lankan Ambassador to the U.S. Prasad Kariyawasam met with the top officials of the Millennium Challenge Corporation (MCC) to discuss the multi-million dollar MCC compact to Sri Lanka.

The Minister met with MCC Regional Deputy Vice President for Europe, Asia, the Pacific and Latin America Fatema Sumar and Managing Director for Europe, Asia, Pacific, and Latin America programs Caroline Nguyen of MCC along with Sri Lanka coordinator Nilan Fernando in Washington, DC.

"We discussed at length the issues we need to address to process the project at the earliest," the Deputy Minister said following the meeting in a Facebook post.

"I will take steps to expedite it," he added.

"This is a grant to the Sri Lankan people by the American people. The biggest grant ever by any country!"

In December 2016, MCC selected Sri Lanka as eligible for an MCC compact - a five-year development grant linked to sustained reforms that can spur growth and alleviate poverty.

MCC projects rely on locally-driven solutions to help increase prosperity. Countries are selected based upon rigorous standards for good governance, anti-corruption and anti-trafficking efforts, and respect for human rights.

 


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