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Many complications in MCC: Committee informs President

25 June 2020 08:23 pm - 13     - {{hitsCtrl.values.hits}}


The Expert’s Committee appointed to review the proposed Millennium Challenge Corporation (MCC)agreement in its final report said the agreement contained many complications and negative consequences.   

The final report of the Expert’s Committee was handed over to President Gotabaya Rajapaksa at the Presidential Secretariat today.

Committee Chairman Lalithasiri Gunaruwan, Professor of Economics of University of Colombo, has said that two stages of the MCC had been signed in 2017 and 2018. 

“Although USD 7.4 million and 2.6 million had been granted under the two stages, no accounts details are to be found anywhere. Also no multi-sectorial analysis had been conducted by the focal points of the then Government entrusted with the task of reviewing before the signing of the Compact,” he said.

Prof. Gunaruwan said that after the adoption of the project as an Act of Parliament it would be a violation of the agreement to submit a counter-proposal or a resolution, relating to it.

“Any condition of the Compact can be amended by two representatives by a letter. Such an action amounts to a violation of the sovereignty of Parliament. It had created a situation where the Attorney General cannot represent the Government or go to Courts,” the Chairman said.  

The Committee members who informed the President on the current status of countries which had implemented the MCC said the fate of these countries is tragic.  (Lahiru Pothmulla)


  Comments - 13

  • ari Friday, 26 June 2020 12:55 AM

    Excellent analysis and explanation by the presenter. There is nothing called a free lunch. Lets not barter our children's future for a handful of dollars.

    Max Friday, 26 June 2020 05:49 AM

    Yes throw ot out Mr President

    Sajith Friday, 26 June 2020 06:59 AM

    With Mangala at the forefront the UNP/SJB bandits push the MCC,they even signed bits of it in secret

    varuna Friday, 26 June 2020 11:52 AM

    How do you know that for sure? Can you please explain how "bits and pieces" of an agreement can be signed? This is the first time I heard of such a possibility.

    Demuni Uduwara Friday, 26 June 2020 07:11 AM

    Pre-arranged coup to appease the people towards the election.

    Hamid Friday, 26 June 2020 11:11 AM

    We don't want their dollars tight with strings,but what happened to millions given to yahalanaya in 2017 and 2018?

    Rajitha Friday, 26 June 2020 11:43 AM

    USD 7.4 was granted in the first stage but no trace of the money found. So the guy who signed off on the second stage must be found liable for signing without seeing the first stage commitments fulfilled.

    Sokrates Friday, 26 June 2020 02:04 PM

    Beggars cannot make demands

    Thomas Friday, 26 June 2020 05:59 PM

    Wonderful. Yahapalanaya has shown its full colours. Ten million US Dollars is a very large sum and disappearing without a trace is simply unbelievable. Luckily, seven thousand sailors in the naval ship could not invade Sri Lanka after the planned attacks.

    Thomas Pieters Friday, 26 June 2020 06:03 PM

    Why not publish it in the Newspapers, then we can read it ..?

    Clau Eri Friday, 26 June 2020 06:23 PM

    Committee have done a good job. Agreement looks like selling Sri Lanka to America. This happened to other countries. Staying in other country by force.

    Robert Friday, 26 June 2020 07:52 PM

    When there was no complication when we elected an American as our President. How can we have compilations with MCC . Don't try to fool the people.

    BuffaloaCitizen Friday, 26 June 2020 08:07 PM

    But these same guys fave H'tota port sovereignty to China for 99 years. Army was evicted and that land which is now Shangrila hotel is an outright sale to a foreign entity. Port City again sovereignty with China.

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