MCC pact can be reviewed by P’ment after signing: US

Saturday, 2 November 2019 00:01 - - {{hitsCtrl.values.hits}}

The Parliament will have ample opportunity to review the MCC grant assistance agreement once it is signed, the US Embassy said in a statement yesterday.

The Embassy said once the grant assistance agreement is signed, the Government of Sri Lanka will send it to Parliament for approval.

“Consistent with the Millennium Challenge Corporation’s (MCC) worldwide policy in all partner countries, once the grant assistance agreement is signed, the Government of Sri Lanka will send it to Parliament for approval,” it said.

It said during that review period, the Government will develop plans to implement the grant assistance agreement and design projects to improve transportation and land administration. “Parliamentary review and approval are required by MCC to ensure the grant assistance agreement has the support of the Government and the people,” it added. The Embassy said the MCC pact will directly benefit over 11 million Sri Lankans and meaningfully stimulate economic growth.