Sri Lanka presents
proposals for MCA
18, 2005 - 9.30 GMT]
Minister Lakshman Kadirgamar presented Sri Lanka’s compact of proposals
for the Millennium Challenge Account (MCA) funding to the US Ambassador
Jeffery J. Lunstead on Friday, July 15.
Kadirgamar had been tasked by the Cabinet to coordinate the process of
forwarding proposals to the MCA. Pursuant to this decision, an
Inter-Ministerial Committee co-chaired b the Ministers of Finance and
Foreign Affairs was established with the Ministry of Finance playing the
role of lead agency and the Foreign Ministry that of lead agency and the
Foreign Ministry that of facilitator.
Lanka’s involvement in this project was initiated by the previous UNF
Government and has been continued by the current Government.
is the development assistance programme launched by the United States
with a view to assist specially selected developing countries. The
funding made available through this programme would be in grant form.
Sri Lanka was selected as on of 16 countries eligible for MCA funding by
the Millennium Challenge Corporation (MCC) for two consecutive years,
2004 and 2005.
proposed projects in the compact of proposals cover irrigation projects,
rehabilitation and the extension of rural roads, infrastructure for
industrial development, rural electrification, SME development:
technology and enterprise development.
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Date: July 18, 2005 - 9.30 GMT