US to provide biggest grant to SL

Wednesday, 20 September 2017 00:00 - - {{hitsCtrl.values.hits}}

Economic Affairs Deputy Minister Dr. Harsha de Silva yesterday said that Sri Lanka would receive several hundreds of millions of dollars in grant assistance from the US as a result of signing the Millennium Challenge Cooperation Compact.

Noting that it will be the largest grant Sri Lanka is to receive, he was however unable to disclose the amount.

“We don’t know what the amount is. It is being processed now. We are confident it will be several hundreds of millions of dollars of grant assistance to Sri Lanka. This would be the largest grant ever that Sri Lanka would have got,” he added.

Dr. De Silva said the grant money would go into a number of sectors. “We will utilise those kinds of funds in most urgent areas including land reforms, transport and agriculture logistics.”