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.
Latest Headlines in Sri Lanka
- IGP Deshabandu Tennakoon’s assets to be frozen if he evades court – Minister March 9, 2025
- Sri Lanka to introduce low-priced alcohol to curb illicit liquor consumption March 9, 2025
- Oddusuddan Tile Factory reopens after 35 years March 9, 2025
- Elephant Pass salt factory to be opened to the public on March 26, 2025 March 9, 2025
- Sri Lanka’s Public Finance Committee approves excise duty hike on liquor March 8, 2025
