Japan grants Yen 1,600Mn. to upgrade current economic situation 

 

The Japanese Government has expanded its corporation to grant immediate humanitarian grants for the communities devastated in the present economic crisis prevailing within Sri Lanka and by empowering the government sector for upgrading the economic situation of the country.

Accordingly, the Government of Japan has agreed to grant Japanese Yen One Thousand Six Hundred million (approximately Rupees 3.3 billion) to implement the following projects under Japanese Economic and Social Development Programme.

i. Response and management enhancement project for oil spills of Sri Lanka Coastal Defense Force.

ii. The project to supply assisting equipment for maternal and infant treatments in main hospitals of the Northern province and the project to distribute assisting equipment for garment courses in vocational training centres of the Northern province.

iii. Project to award assisting equipment for the security of fishermen in Northern and Eastern provinces.

Accordingly, the Cabinet of Ministers granted approval to the proposal furnished by the President in his capacity as the Minister of Finance, Economic Stabilization and National Policies to sign the exchange papers and other relevant documents with the Government of Japan in order to receive donation grants under the Japanese Economic and Social Development Programme for the implementation of the aforementioned projects.

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