US to provide Rs. 7.2 billion to Sri Lanka: Semasinghe

10 August 2024 11:50 am Views - {{hitsCtrl.values.hits}} 13 Bookmark

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Colombo, August 10 (Daily Mirror)- The United States Agency for International Development (USAID) has agreed to provide Sri Lanka with Rs. 7.2 billion to strengthen Sri Lanka’s market-driven growth, foster environmental sustainability and resilience and promote good governance practices, State Minister of Finance Shehan Semasinghe said.

He said in a post on X that this was announced during a meeting with USAID Assistant Administrator of the Bureau for Asia, Michael Schiffer.

"The United States announced an additional commitment of USD 24.5 million (Rs 7.2 billion) through a Development Objective Grant Agreement between USAID and the government of Sri Lanka to strengthen Sri Lanka’s market-driven growth, foster environmental sustainability and resilience and promote good governance practices," he said.

Comments - 13

ANTON Saturday, 10 August 2024 12:02 PM

HAIF OF THOS WILL BE SPENT FOR GOVERNMENT POLITICAL PROPAGANDAS.

3 8

Rajah Malli Saturday, 10 August 2024 12:09 PM

So that Your Lord and Master can indulge in an election spending spree!!

3 8

Subha Aranchiyak Saturday, 10 August 2024 03:03 PM

Will it be like the famous Volkswagen factory which we are still waiting to buy our first car?

3 6

Funds Mostly Not Accounted For Saturday, 10 August 2024 04:12 PM

All these crazy countries are gladly encouraging corruption as most of these funds are not accounted for. Sometimes one wonders if both the giver and recipient will receive a cut together! Hopefully some form of living improvements will be provided for all the people instead of certain fella’s from the huge funding.

5 4

Tissa Fernando Saturday, 10 August 2024 06:22 PM

90% of this money will go to pay the officials appointed for various new agencies created for the task. There will be of course no practical work accomplished by the time money dries out.

3 6

Pullma Dingalinga Saturday, 10 August 2024 07:22 PM

Another bribe that will be of no benefit to the people. The sole purpose is to get ministers "on-side."

5 6

The dude Saturday, 10 August 2024 07:31 PM

Well, goodbye to that money

3 5

Sambo Saturday, 10 August 2024 08:01 PM

Please give this money only after the 21st September and not before that.

3 6

S.K Kumara Sunday, 11 August 2024 02:49 AM

USAID please AID USA. There are plenty homeless and others who need serious help there. Hilarious, how a third world country attempt to help another third world country.

1 2

Smh Sunday, 11 August 2024 05:06 AM

As an American tax payer I am against any money being given to Sri Lankan government. $7.2 billion is a huge amount that is guaranteed to be swindled. No one will see the money except politicians and their families and cronies.

0 10

Packy Sunday, 11 August 2024 05:15 PM

7.2 billion RUPEES

0 1

Packy Sunday, 11 August 2024 05:15 PM

7.2 billion RUPEES

0 0

sumo Sunday, 11 August 2024 11:43 AM

Hoper, it does not go into the pockets of greedy, crooked, obnoxious politicians that Ranil has around him

0 2

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