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
- IUSF convenor Madhushan Chandrajith arrested during protest September 10, 2024
- Sri Lanka to increase Mahapola and bursary allowances in April 2025 September 10, 2024
- Milk powder prices in Sri Lanka to drop starting tonight September 10, 2024
- Sri Lanka orders immediate removal of election campaign stickers on vehicles September 10, 2024
- Sri Lanka decides to continue on-arrival visa system amid court order September 10, 2024
