A delegation from Millennium Challenge Corporation (MCC), a US government agency, held discussions with the Ceylon Chamber of Commerce (CCC) during its recent visit to the country. The delegation was met by CCC Chairman Samantha Ranatunga, Board Director Vish Govindasamy, CCC CEO Dhara Wijayatilake and former CCC Chairman Suresh Shah.
The discussion between the visiting MCC delegation and the chamber officials focused on the binding constraints to private sector investment and economic growth in Sri Lanka.
The delegation’s Sri Lanka visit is a result of MCC’s recent selection of Sri Lanka for developing a five-year ‘Threshold’ programme.
MCC’s Threshold programmes are smaller grants awarded to countries that come close to passing the eligibility criteria of the organisation and are firmly committed to improving the respective country’s policy performance.