U.S. to provide Rs. 7.2 billion to Sri Lanka for growth and governance initiatives
Posted by Editor on August 10, 2024 - 12:11 pm
The United States Agency for International Development (USAID) has agreed to provide Sri Lanka with Rs. 7.2 billion to support market-driven growth, environmental sustainability, resilience, and good governance, according to State Minister of Finance Shehan Semasinghe.
In a post on ‘X,’ Semasinghe shared that this announcement was made during a meeting with Michael Schiffer, USAID’s Assistant Administrator of the Bureau for Asia.
He noted that the United States has committed an additional USD 24.5 million (Rs. 7.2 billion) through a Development Objective Grant Agreement between USAID and the Sri Lankan government for these initiatives.
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