Sat, 20 Apr 2024 Today's Paper

US ready for further financial cooperation with Sri Lanka

24 February 2024 06:14 am - 17     - {{hitsCtrl.values.hits}}

A A A

Feb 23, (Daily Mirror) -  The United States (US) which invested half a billion dollars in the development of the West Container Terminal of the Colombo Port has expressed interest in similar financial cooperation with Sri Lanka, Daily Mirror learns.

It transpired during the meetings between U.S. Deputy Secretary of State for Management and Resources Richard Verma and the Sri Lankan leaders during his visit to the country. Last year, the US, through its International Development Finance Corporation (DFC) provided US $ 553 million loan to the Colombo West International Terminal Private Limited to support the development of the deep water West Container Terminal located within the Port of Colombo. The US set up this institution under the current administration as it competes with China in international development financing.

Mr. Verma who is in Sri Lanka met with President Ranil Wickremesinghe and Foreign Minister Ali Sabry. Daily Mirror learns that he extended further support to Sri Lanka’s debt restructuring process.

Besides, he is reported to have raised concerns about the Online Safety Act. The Sri Lankan side briefed him that the Act would be amended soon.

He was travelling to Sri Lanka, India and the Maldives between February 18 and 23 in a move to strengthen the US cooperation with these key Indo-Pacific partners.

After the launch of the US Indo-Pacific Strategy on February 11, 2022, the US has worked collaboratively with allies and partners to build what it calls an Indo-Pacific region that is free and open, connected, prosperous, secure, and resilient.

The US, along with countries such as India, pursues this strategy against the backdrop of China's rise in the region.


Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

  Comments - 17

Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka
  • Eper Saturday, 24 February 2024 06:50 AM

    Don’t we have our own financial experts as our lucrative resources will be given to USA in exchange of the services rendered.For a change, please vote for a minority president in the next presidential election

    FredSnR Saturday, 24 February 2024 06:51 AM

    Sri Lanka appears to have no proper plan for development what you often hear are some other country or institutions plans for our development obviously tied to their agendas with concessional funding, the carrot, the likely outcome a lose lose situation for SL.In the case of the US tied to global strategy and in the case of India their regional expansion.Leave aside the nicely worded press releases the country is in trouble hope Iam proved wrong. And we have politicians as leaders who overrate themselves or don't care and a gullible public struggling to survive matched against the best in the business

    Jude Saturday, 24 February 2024 07:09 AM

    What's the Catch!???

    Jude Saturday, 24 February 2024 07:12 AM

    Hey Yankees stop funding this oppressive regime!! They're not gonna change OSA period.

    Jude Saturday, 24 February 2024 07:13 AM

    Yankees not gonna Dole out money for nothing!! They want something big in return!!

    Jude Saturday, 24 February 2024 07:17 AM

    China got stranglehold in the region!! And India ally of Russia who gave Free oil to India and in return bought weapons from Russia yeah. Yankees are losing the grip in this region.

    US is most for freedom as long as it does not affect them economically Saturday, 24 February 2024 01:26 PM

    US is corrupt democracy, they support for Israel the racist country. For Saudi oil they ignore wide scale abuses and lack of democracy there too.

    Disgusted citizens Saturday, 24 February 2024 08:38 AM

    Giving aid in any form is sure to be abused by this criminal government. For example If it’s food/medicine it ends up in the black market. It is best to provide aid when these criminals are kicked out.

    Raven Saturday, 24 February 2024 10:03 AM

    Not only the U.S. but the whole world is appreciating what Ranil has done and is doing. That's why aid is flowing in like this. Do you think your sick psychopathic people will get any aid? It's obvious that in every two weeks someone comes with a package of goodies or aid. That's because the world trusts Ranil and his government.

    Nodaking kalakanni Saturday, 24 February 2024 01:11 PM

    Raven, are one of ranil bum boys that enjoy his table side scraps he throws at you ?

    Sokrates Saturday, 24 February 2024 09:03 AM

    The USA is an honest partner that does correct and transparent business. Of course the Americans also want to make profits, but who doesn't want that. In contrast, China is not an honest trading partner. China works with bribery, the deals are not transparent and involve high interest rates. Of course the USA also wants to gain influence in this part of the world, but they don't just stick a knife in your back with a smile like the Chinese do.

    Nithy Saturday, 24 February 2024 09:08 AM

    The Western countries physically ruled us for 450 years and now controlling us from their countries. America is leading the white domination of the world, so why should we support America ? Look at your skin, are you white ?

    I am not white but English speaking countries are not racist anymore Saturday, 24 February 2024 01:23 PM

    Too much to say Western countries are white powers. They are western cultural powers, but not racist anymore. At least not US, US, Canada, or Australia. Maybe New Zealand giving priority to Maori over other races is racist, but generally other than the indigenous Indian reservations in US no areas are controlled in law based on ethnicity.

    Sokrates Saturday, 24 February 2024 10:16 AM

    @ Nithy. Just 58 percent of US citizens are white. In a few years they will lose their dominance. And apart from that, what does skin colour have to do with this issue? Should you be racist?

    mario Saturday, 24 February 2024 10:41 AM

    The problem here is not with Sri Lanka, India, or the Maldives. The threat is from the dragon that wants to subtly gobble up neighboring countries.

    Chinamen Saturday, 24 February 2024 01:43 PM

    They will sell you F16s but will also put rules regarding its use . They will stop selling spare parts if you break the rules

    ANNECUNT Saturday, 24 February 2024 06:21 PM

    remember sri-lanka is NOT A CHINESE COLONEY and never will be


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 and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka