EUR 60 million grant for Sri Lanka From the European Union
European Union will provide Sri Lanka a grant amounting to approximately Rs 9 billion (EUR 60) million under the European Union- support to District Development programme spanning over 2012 – 2017 said Mr. Bernard Savage, Head of Delegation of the European Union in Sri Lanka , when he met Senior Adviser to the President and Minister of Economic Development Hon. Basil Rajapaksa together with Mr. Subaine Nandy, United Nation Resident Coordinator & UNDP Representative in Sri Lanka, at the Ministry of Economic Development Yesterday (27). Under this programme, the projects identified by the Sri Lankan government as priority projects will be implemented by agencies of the United Nation namely UNDP,UNICEF, UNOPS, FAO, ILO and IFC of the World Bank Group with European Union financial assistance.
The European Union envisages- supporting two major components identified in line with the
National Development Programme of Sri Lanka notably.
1. Support – poverty reduction and provision of basic infrastructure and services for vulnerable populations
2. Support to local economic development
Hon. Basil Rajapaksa said at the discussion Sri Lankan government highly appreciate the United Nation and its agencies for the long standing support extended to Sri Lanka for its Humanitarian Assistance and Reconstruction efforts. The European Union also extended its support for Sri Lankans Humanitarian Development programmes at various level and minister thanked the European Union for the help it extended to Sri Lanka.
Hon. Basil Rajapaksa further, said since most of the humanitarian development programmes related to Tsunami and post conflict resettlement are completed or near completion the government will allocate foreign funds on the basis of country’s overall economics strategy and national policy.
Mr. Subaine Nandy said UN and it’s agencies will always cooperate with overall development strategies of the government and extend their assistance in accordance with the requirements of the government. Experience gained and lesson learned from the implementation of the projects can be used to design the next projects he said.
Mr. Savage said European Union was able to provide assistance for the Sri Lankan government and people as indicated by the government and European Union will extend its fullest cooperation for the development of Sri Lanka in future also. European Union will provide financial assistance to complete the ongoing projects started with European Union funds and it will provide financial assistance amounting to 60 million Euros for the new projects to be started, he said.
Prof. Sunanda Maddumabandara, Director General – communication and Development, Mr. Monty Ranatunga, Director- Ministry of Economic Development, Ms. Saroja Sirisena, Ministry of Economic Development, Mr. Mapa Patirana, Director General – External Resources, Mr. T. M.J. Bandara, Deputy Director- National Planning Dept., and Mr. S. B. Divaathna, Secretary- President Task Force, also participated at the occasion.