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USAID grants US$ 19 Mn additional funding for development

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The United States yesterday announced the commitment of more than US$ 19 million in additional funds to further the development of Sri Lanka, in a ceremony at the Finance Ministry.

The US $19.23 million (Rs.6.2 billion) is obligated through the Development Objective Grant Agreement between the United States Agency for International Development (USAID) and the government of Sri Lanka.

This development assistance will support economic growth and democratic governance activities and demonstrates the ongoing U.S. commitment to its partnership with Sri Lanka and in building lasting people-to-people ties. The signing was commemorated with Mission Director Grau and Treasury Secretary Mahinda Siriwardana yesterday.

“This investment demonstrates the United States’ ongoing commitment to our partnership with Sri Lanka and our steadfast support to the people of this stunning, opportunity-filled country, as USAID Administrator Samantha Power and President Wickremesinghe discussed in New York,” said Gabriel Grau, USAID Sri Lanka and Maldives Mission Director. “With these funds we’ll continue to work with the government of Sri Lanka to improve economic growth and democratic governance and advocate for vulnerable populations.”

“The people of Sri Lanka appreciate the continued close collaboration and the very cordial partnership and support extended by the Government of the United States of America to Sri Lanka,” said Secretary Siriwardana. “This grant will reinforce the government’s efforts to strengthen a democratic, prosperous and resilient Sri Lanka.”

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