USAID signs new five-year agreement with Sri Lanka

Consular Affairs
By Editor_1
Finance Ministry Secretary K.M.M. Siriwardena US Deputy Chief of Mission Douglas Sonnek shake hands after signing the Development Objective Assistance Agreement at the Finance Ministry

COLOMBO –  Building on the USAID Administrator Samantha Powers’ recent visit, US Ambassador to Sri Lanka Julie Chung on Friday (16) announced that the United States, through USAID, will provide an additional estimated $65 million (more than 23 billion Sri Lankan rupees) in assistance to Sri Lanka over a five-year period.

The assistance falls under the Development Objectives Assistance Agreement (DOAG) signed by Gabriel Grau, Mission Director for USAID Sri Lanka and Maldives and Mahinda Siriwardena, Secretary, Ministry of Finance, Economic Stabilization and National Policies.

The funding is in addition to over $60 million (21 billion Sri Lankan rupees) of new humanitarian and fertilizer assistance Power announced last week in response to the current economic and political crises in Sri Lanka

Ambassador Chung, noting the enduring and robust partnership between  United States and the American people and the Government of Sri Lanka, said “We remain fully committed to supporting locally led initiatives to advance a stable, prosperous, and peaceful Sri Lanka – critical to promote a free and open Indo-Pacific in which all nations are connected, prosperous, resilient, and secure,”

The US, through the US Agency for International Development (USAID), is committed to supporting Sri Lanka to advance market-driven growth, environmental sustainability and resilience, and good governance. All USAID funding for Sri Lanka is provided as gifts or grants and is implemented by local and international organizations that adhere to strict monitoring standards.

The US has provided more than $2 billion (approximately 720 billion Sri Lankan rupees) in development assistance to Sri Lanka since 1956.

-US Embassy

 

Editor_1
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