USAID to provide SL additional USD 65M

0
29

Building on USAID Administrator Samantha Powers’ recent visit, US Ambassador to Sri Lanka Julie Chung announced on Friday (16) that the United States, through USAID, will provide an additional estimated USD 65 million (over Rs 23 billion) in grants to Sri Lanka over a five-year period, the US Embassy in Sri Lanka said.

The assistance falls under the ‘Development Objectives Assistance Agreement’ (DOAG) signed by Gabriel Grau, Mission Director for USAID Sri Lanka and Maldives and Mahinda Siriwardana, Secretary, Ministry of Finance, Economic Stabilization and National Policies.

This funding is in addition to over USD 60 million (Rs 21 billion) of new humanitarian and fertiliser grants that Administrator Samantha Power announced last week in response to the present economic and political crises in Sri Lanka, the Embassy said.

In celebration of the start of this new bilateral agreement, Chung remarked, “The United States and the American people are proud of our enduring and robust partnership with the people and Government of Sri Lanka. We remain fully committed to supporting locally led initiatives to advance a stable, prosperous, and peaceful Sri Lanka – critical to promote a free and open Indo-Pacific in which all nations are connected, prosperous, resilient, and secure.”

The US has provided more than USD 2 billion (Rs 720 billion) in grants to Sri Lanka since 1956, the Embassy further said. (PA)