No cash crunch for development projects: President
President Maithripala Sirisena on Tuesday assured that there was no cash crunch in the Government, nor lack of support from multilateral donors to fund much-needed and multi-faceted development projects.
This declaration by President Sirisena was during a meeting with editors and heads of electronic media, to announce the launch of the second phase of the Rs. 23 billion worth Moragahakanda-Kaluganga reservoir tomorrow in the North-Western Province.
In response to a query from the media whether the Government has enough resources to finance and complete such large scale projects, given the perceived cash crunch within the Treasury, the President reassured that this wasn’t an issue.
“For development, we have money,” asserted President Sirisena, and added that the Moragahakanda-Kalug...