Millennium Challenge Corp. ups support for SL to Rs. 1.6 b
The US Government’s Millennium Challenge Corporation (MCC) Managing Director for Europe, Asia, Pacific, and Latin America Caroline Nguyen visited Sri Lanka from 11 to 13 June to advance the development of the proposed MCC compact – a large-scale five-year grant program.
The US Government is developing this compact in partnership with the Government of Sri Lanka for the specific purpose of reducing poverty and promoting economic opportunity for Sri Lankans. MCC is an innovative foreign assistance agency of the United States Government established in 2004 that has signed compacts with 29 countries around the world.
During the visit, MD Nguyen joined US Embassy Deputy Chief of Mission Robert Hilton at the Ministry of Finance to sign an agreement to provide an additional Rs. 413 million ...