• Thu. Apr 8th, 2021

United States assures support for Sri Lanka in responding to COVID and building its economy despite the withdrawal of the MCC grant

The United States assures support for  Sri Lanka in responding to COVID and building its economy, despite the withdrawal of  Rs. 89 billion   Millennium Challenge Corporation (MCC) grant.

” On December 15, the Millennium Challenge Corporation (MCC) board decided to discontinue the proposed Rs. 89 billion MCC development assistance grant to Sri Lanka due to lack of partner country engagement.  The Rs. 89 billion approved for Sri Lanka will be made available to other eligible partner countries in need of grant funding to pursue their economic development priorities, reduce poverty, and grow their economies,” the U.S. Embassy in Colombo said.

However, it assured that the U.S. would remain a friend and partner to Sri Lanka and would continue to assist Sri Lanka in responding to COVID and building its economy.

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