Germany allocates additional grant of 2.05 million Euros

1 August 2020 12:00 am - 0     - {{hitsCtrl.values.hits}}

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+The signing of the Technical Cooperation Agreement on June 10th at the Ministry of Finance in Colombo

 

The German government has allocated additional funds amounting to 2.05 million Euros to Sri Lanka to support its efforts in facing the greater challenges posed by the current global pandemic.


The Technical Cooperation Agreement (TCA) between Germany and Sri Lanka was signed on 10th of June this year, with a grant of 11 million Euros, further intensifying cooperation in many areas. Within the framework of this agreement, Germany funds projects supporting the development of vocational training in the country, growth of small and Medium-sized Enterprises and Study and Expert Funds. 


The provision of additional funds will be allocated for the enhancement of the aforementioned sectors in the context of COVID-19. The “Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH” will act as the implementing partner of the projects. It is the hope of the German government that this contribution will ease the social and economic impact of COVID-19 on Sri Lanka and pave the way for a faster recovery. 

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