Friday Nov 15, 2024
Friday Nov 15, 2024
Wednesday, 29 June 2022 00:20 - - {{hitsCtrl.values.hits}}
The Cabinet of Ministers at its meeting on Monday agreed to start talks for a fresh $ 57 million funding from the US Agency for International Development (USAID) based on a proposal submitted by Prime Minister Ranil Wickremesinghe.
The Government said it has been proposed to sign an agreement for implementation of a new initiative titled ‘The Programme for a Democratic, Prosperous Sri Lanka with the Ability to Survive Amidst Disasters’ with financing worth $ 57 million from USAID until 2026. The new program will focus on the fields of productive democratic governance, growth based on a secure market and strengthening the resources required to sustain pressure and stress.
In 2011, Sri Lanka and USAID signed two similar programs – ‘The program to strengthen the cooperation for democratic good governance and social integrity’ and ‘Program to create a sustainable and covered economic development’ – and successfully completed.
