Lankapage Logo CP 18 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* 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.

 


ColomboPage - Recent 10 Stories ::
Sri Lanka Railways raise awareness in increasing railway accidents
-- [1 hour and 29 minutes ago]
Rice at wholesale prices from Sathosa outlets
-- [2 hours ago]
President inaugurates Grama Shakthi poverty alleviation program
-- [2 hours ago]
Court orders prison authorities to submit a report on absence of former Navy Spokesperson Commodore D.K.P. Dassanayake in court
-- [3 hours ago]
Sri Lanka Railway unions suspend strike scheduled to begin midnight today
-- [4 hours ago]
Sri Lanka Navy hands over 6 more detained fishing trawlers back to India
-- [4 hours ago]
President warns of attempts to mislead people on a new constitution
-- [5 hours ago]
Sri Lanka to launch a three-year comprehensive economic program targeting $ 5 bn FDI, $ 5,000 per capita income
-- [5 hours ago]
Sri Lanka police arrest Buddhist monk wanted for attack on Rohingya refugees
-- [6 hours ago]
Sri Lanka's Port City to draw first investment of USD 1 bn in mid-2018

Copyright © 2000, 2016 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.