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Sri Lanka gets 1.1 Billion Dollars Millennium Challenge Donation, mulls transport, land projects

Sri Lanka gets first Millennium Challenge grant, mulls transport, land projects | Economynext: Millennium Challenge Corporation (MCC), a U.S. government aid agency, has announced a Rs1.1 billion initial grant for Sri Lanka with due diligence now being done on potential projects in the transport and land sectors.��

Sri Lanka was among countries selected by MCC last year to receive five-year grants aimed at encouraging economic growth and reducing poverty.

A delegation from MCC led by Fatema Z. Sumar, Regional Deputy Vice President for Europe, Asia, the Pacific, and Latin America, visited Colombo to advance progress on the development of the MCC compact—the five-year grant program.

“We are pleased to announce Rs1.1 billion� ($7.4 million) in funding that the Millennium Challenge Corporation is providing now to support the development of a compact, including identifying and analyzing specific projects for potential investment,” Sumar said.
Sri Lanka gets 1.1 Billion Dollars Millennium Challenge Donation, mulls transport, land projectsSocialTwist Tell-a-Friend

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