Facebook icon
Twitter icon
e-mail icon

US announces $7.4 million for Sri Lanka through MCC

The United States has announced $7.4 million will be provided to Sri Lanka through the Millennium Challenge Corporation (MCC) as part of a program to “reduce poverty and promote economic opportunity” on the island.

A visiting delegation from the MCC  led by Fatema Z. Sumar, Regional Deputy Vice President for Europe, Asia, the Pacific, and Latin America, visited Colombo this week to make the announcement.

 “We are pleased to announce LKR 1.1 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,” said Ms Sumar said.

The $7.4 million is in addition to the total MCC compact funding amount, a US embassy press release added.

Last December Sri Lanka was approved to receive aid from the MCC, through a "full compact", which is set to release funding for over $900 million.

Sri Lankan Prime Minister Ranil Wickremesinghe’s office is overseeing work on the MCC.

“MCC holds partner countries accountable through rigorous oversight, monitoring and evaluation,” said the US press release.

See more here.

We need your support

Sri Lanka is one of the most dangerous places in the world to be a journalist. Tamil journalists are particularly at threat, with at least 41 media workers known to have been killed by the Sri Lankan state or its paramilitaries during and after the armed conflict.

Despite the risks, our team on the ground remain committed to providing detailed and accurate reporting of developments in the Tamil homeland, across the island and around the world, as well as providing expert analysis and insight from the Tamil point of view

We need your support in keeping our journalism going. Support our work today.

For more ways to donate visit https://donate.tamilguardian.com.