Mon, 05 Dec 2022 Today's Paper

MCC drafted with the consent of AG: FM

31 October 2019 04:42 pm - 2     - {{hitsCtrl.values.hits}}

A A A

The Millennium Challenge Corporation (MCC) agreement was drafted with the consent of the Attorney General and would be presented in parliament, the Finance Ministry said today.

It said the whole process and the final agreements were done under the guidance of the Attorney General and well within the legal framework.

It said in a statement that final negotiations on the compact were conducted in October 2018 between the MCC and a Cabinet approved GoSL delegation which consisted of officials from the relevant ministries and government agencies for implementing the selected projects including a representative from the Attorney General’s Department.

“The Attorney General is in the opinion that agreements are in order and there exists no legal impediment to executing the same. A Cabinet memorandum along with the final drafts of the agreements was submitted on 31.05.2019 to the Cabinet of ministers. The Cabinet appointed a committee for further discussions of the matters in detail and subsequently, the Ministry of Finance submitted the Cabinet memorandum dated 05.07.2019 seeking the approval of the Cabinet of ministers for signing the compact agreement and the programme implementation agreement. The Cabinet of ministers has granted its approval for signing above agreements on 29.10.2019,” the statement added.

The Ministry said the compact agreement and the programme implementation agreement would be submitted to and enacted by the Parliament of Sri Lanka once it was signed and before its entry into force and would be published in the Government Gazette before being submitted to parliament.

“The Millennium Challenge Corporation (MCC) is a bilateral United States Foreign Aid Agency, established by the United States Congress in 2004, applying a new philosophy towards foreign aid. It provides time-limited grants and assistance to developing countries that meet the rigorous standard for good governance, from fighting corruption to respecting democratic rights. On the request of the Government of Sri Lanka (GOSL), the MCC undertook a “constraints to economic growth analysis” in the year 2016. MCC and the GOSL subsequently decided to focus on the land and transport sectors, which were identified as binding constraints to growth. The constraints analysis concluded that traffic congestion in the Colombo Metropolitan Region, poor transport connectivity between provinces, and weakness in land administration constrain economic growth. Accordingly, the MCC agreed to grant USD 480 million for financing the above projects,” it said.


Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Sending Money,Online Books, Delivery Service, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop Sri Lanka

  Comments - 2

Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Sending Money,Online Books, Delivery Service, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop Sri Lanka
  • Chandu Friday, 01 November 2019 09:39 AM

    We can solve our problems.We are better off without these grants/donations which gives unwanted authority and freedom to other nations

    Waco Friday, 01 November 2019 12:12 PM

    No publicity , what so ever was given for the public to know about this agreement.


Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment




Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Sending Money,Online Books, Delivery Service, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop Sri Lanka

She said/He said

Much has been written and said in the last few days since the news was releas

POLICE ON TRIAL: Exercising Authority without Accountability

Although armed with the power of the State and empowered to use force against

Downfall and death of LTTE’s Mahathaya

The Liberation Tigers of Tamil Eelam (LTTE) ceased to exist as a functioning

Rishi Sunak; why SL did not have a Tamil or Muslim as President?

Britain now has a British Asian, Hindu Prime Minister, though Rishi Sunak is