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Discontinuation of MCC: 'US remains a friend & partner to SL' - US Embassy

Thursday, 17 December 2020 - 10:15
The United States Embassy in Colombo has released a statement following the decision by the Millennium Challenge Corporation (MCC) to withdraw the US$ 480 million compact agreement extended to Sri Lanka.
Releasing a statement, the US Embassy stated that the agreement was discontinued due to the lack of engagement of the partner country.
The full statement issued is as below.
COLOMBO, December 17, 2020: On December 15, the Millennium Challenge Corporation (MCC) board decided to discontinue the proposed Rs. 89 billion MCC development assistance grant to Sri Lanka due to lack of partner country engagement. The Rs. 89 billion approved for Sri Lanka will be made available to other eligible partner countries in need of grant funding to pursue their economic development priorities, reduce poverty, and grow their economies. ....

Sri Lanka , Colombo District , National Operation Centre For Prevention , Mahinda Rajapaksa International Cricket Stadium In Sooriyawewa , Lanka Premier League , National Operation Centre , Jaffna Stallions , Mahinda Rajapaksa International Cricket Stadium , District Judge , Magistrate Malinda Harshana De Alwis , ஸ்ரீ லங்கா , கொழும்பு மாவட்டம் , தேசிய செயல்பாடு மையம் க்கு ப்ரெவெந்ஶந் , லங்கா ப்ரிமியர் லீக் , தேசிய செயல்பாடு மையம் , யாழ்ப்பாணம் ஸ்டாலியன்ஸ் , மஹிந்தா ராஜபக்ஷ சர்வதேச மட்டைப்பந்து அரங்கம் , மாவட்டம் நீதிபதி ,