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MCC agreement

Cabinet approval obtained to prevent losing grant

5 November 2019 11:45 pm - 2     - {{hitsCtrl.values.hits}}


The only reason to get Cabinet approval for the Millennium Challenge Corporation (MCC) agreement was to avoid Sri Lanka from losing the grant of US$480 million which the country will receive as a result, State Minister Finance, Eran Wickramaratne said today.

He told Daily Mirror that Sri Lanka would have lost the US$480 million grant if Cabinet approval was not granted.

“We would have lost it if at least Cabinet approval was not obtained because the US was going to consider Sri Lanka as a higher middle income earning country from next year,” the state minister said.

“Our government does not rush things as a practice and therefore will not rush it. Besides we will do things openly and the MCC agreement is open to the people and it will be presented to parliament,” he said. (Yohan Perera)

  Comments - 2

  • gamalath Wednesday, 06 November 2019 12:08 PM

    Publish the whole agreement. Make it a public document first before tabling in parliament. Your promises can not be believed

    Sando Wednesday, 06 November 2019 02:34 PM

    Shocked to see a top Professional making such a foolish statement. How People are made to fall.

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