IMF, USAID ready to offer financial support to Sri Lanka: US

8 October 2024 02:42 pm Views - {{hitsCtrl.values.hits}} 18 Bookmark

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Colombo, October 08 (Daily Mirror)- The International Monetary Fund (IMF) and the United States Agency for International Development (USAID) are prepared to offer financial support to help enhance the economic prospects of Sri Lanka, US Ambassador to Sri Lanka Julie J. Chung said today.

She said this during a meeting with Secretary to the President Dr. Nandika Sanath Kumanayake at the Presidential Secretariat this morning.

The United States has also committed to providing essential support to strengthen Sri Lanka's economy and that support would be focused on fostering an export-driven economy in the country.

Ambassador Chung conveyed congratulations from US President Joe Biden to President Anura Kumara Dissanayake, delivered through Secretary to the President Dr. Nandika Sanath Kumanayake.

The United States has pledged both financial and technical support for President Anura Kumara Dissanayake's initiatives aimed at preventing fraud and corruption.

The US has also expressed its commitment to assisting efforts for good governance and ensuring the security of Sri Lanka whenever needed.

The United States supports the new President’s programmes focused on developing renewable energy, fostering an export-oriented agricultural industry and alleviating rural poverty.

Ms. Chung said that the current programme of providing lunches for rural schools will be expanded to include urban schools in the future.

Comments - 18

How long you will fool the people. Tuesday, 08 October 2024 03:42 PM

Yes..IMF

16 10

Anil Tuesday, 08 October 2024 03:52 PM

So far, we're on the right path. Let's keep the momentum going!

8 22

Janp Tuesday, 08 October 2024 04:11 PM

YES WELCOME ISSUE NOW IS THE TIMEB TO IMPLEMENT SPEEDY RECOVERY OF ECONOMIC USE AID ON FDI SUCH AS MODERN AGRICULTURE TECHNOLOGY, VEHICLES LOCOMOTIVE ASSEMBLE PLANTS, REFINERY GAS PETROLEUM PROJECTS @/ DRY DOCKS AT DOWN SOUTH COAST/ PHARMACEUTICAL MANUFACTURING FACILITY/ DAIRY PRODUCTS MODERN FACTORY/TOURISM PROMOTION/ EXPORT ORIENTADED EXPORT MARKET PLUS SMALL N MEDIUM INVESTMENT ACCELERATED PROGRAMS TO EARN FOREIGN EXCHANGE IS THEAIN TARGETS

3 7

Radiks Tuesday, 08 October 2024 04:17 PM

Now all we have to say to Ranil

9 9

DPerera Tuesday, 08 October 2024 04:25 PM

Grants should be accepted but government should strongly reject foreign loans. Use AKD's files and bring back stolen money to run the country immediately as promised during presidential election campaign.

2 36

Dilakshan Seneviratne Tuesday, 08 October 2024 05:19 PM

I cannot understand those people who are against loans. Just because past governments misused loans does not mean loans are evil. The country cannot develop without loans, how otherwise? We have to manage the loans and make them work in our favour by using productively. To adhere to IMF conditions, this has to happen and will be reflected in the performance reports. Good on US and the IMF for the assistance offered, which shows their support for the new SL government.

8 11

Issue A Detailed Loan Report Tuesday, 08 October 2024 04:26 PM

After the elections, will it possible for the new government to give a detail update on the loans taken. How many loans are still needing to be paid and the yearly interest on each of loan. If possible, give more details such as when it was taken, purpose of loan and how long more it needs to be paid back.

1 19

DPerera Tuesday, 08 October 2024 05:18 PM

Top of the loan list is $200 million WB loan taken by NPP government. Within 3 weeks into governemnt $200 million borrowed. What can we expect at the end of 5 year term?

11 6

Dilakshan Seneviratne Tuesday, 08 October 2024 05:27 PM

There is a Debt Bulletin issued by the Ministry of Finance every quarter, which details all the debts, payments etc. Search on the net. The last report was issued for the First Quarter of 2024 (Jan - Mar) Don’t wait for the government to say and give everything, we have a duty to do our own research please.

1 9

Deva Tuesday, 08 October 2024 04:35 PM

Grants please. No loans. No money no pay.

3 24

Nihal S Tuesday, 08 October 2024 04:42 PM

Thank you - USA. Let hope, the country will move forward without corruption

8 24

Gamini Tuesday, 08 October 2024 04:42 PM

so this government will also continue to take loans like all it's predecessors- continue the debt trap

20 19

Mister Jacky Chang Tuesday, 08 October 2024 04:45 PM

Don’t take it. Ask the real Chinese government.

5 5

Following RW"s Path Tuesday, 08 October 2024 04:50 PM

"We will amend IMF rules and provide relief to the people." These promising words have now proven to be hollow. Day by day, the debt is making us more vulnerable to economic instability and increased poverty.

1 9

M Fernando Tuesday, 08 October 2024 05:48 PM

If Hon.RW was not our President, this could never happen.

3 7

Sri Lankan Tuesday, 08 October 2024 07:04 PM

Deadly serpent

1 9

amaran Wednesday, 09 October 2024 03:24 AM

The only solution is to EXPAND THE EXPORT SECTOR to generate more and more revenue. President AKD spoke about EXPORT ZONE at political platforms. Has he done any preparation to it??

0 1

Adwani Wednesday, 09 October 2024 07:16 AM

Now the NPP supporters will feel happy including those who are working for the NPP, that IMF and USA too like very much the NPP. The same Julie Chung had the close door meeting with Anura befor the presidential election. The end result if exposed, will surprise everyone.

3 1

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