Saudi Fund extends $ 60 million support for sri lanka

Wednesday, 31 October 2012 01:12 - - {{hitsCtrl.values.hits}}

The Saudi Fund for Development (SFD) yesterday committed US$ 60 million worth of assistance to Sri Lanka for the development of the road network. The SFD is the Kingdom of Saudi Arabia’s main development financing fund.

The agreement to this effect was signed by Senior Minister for International Monetary Cooperation Dr. Sarath Amunugama and Saudi Arabia’s Minister of Finance and SFD Chairman Dr. Ibrahim Al Assaf in the presence of President Mahinda Rajapaksa at Temple Trees. Industry and Commerce Minister Rishad Bathiudeen and Finance Secretary Dr. P.B. Jayasundera were also present