EU pledges 43mn euro grant for regional development, technical assistance

9 October 2015 02:40 am - 0 - {{hitsCtrl.values.hits}}

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The European Union has agreed to provide a grant of 43.7 million euros for regional development purposes and to provide technical assistance, Cabinet Spokesperson Rajitha Senaratne said.
Out of the total, 38 million euros is expected to be utilized for the Integrated Rural Development Programme in Central and Uva Provinces and for Trade Related Assistance programme in Sri Lanka, and 5.7 million Euros as technical assistance to the Water Supply and Drainage Board.

Out of the 38 million euros, 30 million euros of the grant are expected to be utilized in Integrated Rural Development Programme in Central and Uva Provinces.
The programme intends to improve livelihood, income level, health and nutrition of low income receivers of the said provinces and to strengthen the social and economic services rendered by Local Government institutions, community organizations, and private institutions.
Other 8 million euros are intended to be utilized in programme for Trade Related Assistance, which intends to increase the competitiveness of Sri Lankan exports in the foreign market, implementation of policy and regulatory reforms on GSP Plus of the European Union, and to implement a trade policy that includes measures to be implemented on regaining the GSP Plus trade concession.
Moreover, the 5.7 million euros to be given to the Water Supply and Drainage Board will be utilized to provide technical assistance in institutional management and technical skills development attention on waste water management.
The proposal made by Prime Minister Ranil Wickremesinghe in his capacity as National Policy and Economic Affairs Minister, to enter into relevant agreements on this purpose, was approved by the Cabinet of Ministers.

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EU pledges 43mn euro grant for regional development, technical assistance

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