MCC Grant from USA Soon

•       This is going to be the biggest grant ever by any country

Economic Affairs Deputy Minister Dr. Harsha de Silva yesterday said that Sri Lanka would receive several hundreds of millions of dollars in grant assistance from the US as a result of signing the Millennium Challenge Cooperation Compact.

Noting that it will be the largest grant Sri Lanka is to receive, he was however unable to disclose the amount. “We don’t know what the amount is. It is being processed now. We are confident it will be several hundreds of millions of dollars of grant assistance to Sri Lanka.

The Deputy Minister said that this is a grant "to the Sri Lankan people by the American people" and that it is "the biggest grant ever by any country". Dr. De Silva said the grant money would go into a number of sectors. “We will utilize those kinds of funds in most urgent areas including land reforms, transport and agriculture logistics.”