The US Government has pledged to provide 65 million US dollars via the US Agency for International Development (USAID) to implement a program for a democratic, prosperous Sri Lanka to survive amid disasters, Ministry of Finance, Economic Stability and National Policies sources said.
Two agreements were signed between the Government of Sri Lanka and the Government of the United States of America in 2011 to provide funds for the projects - “The program to strengthen the cooperation for democratic good governance and social integrity” and “Program to create a sustainable and covered economic development”.
It has also been proposed to sign a new agreement with financing up to US $ 65 million to implement a new program named “The Program for a Democratic, Prosperous Sri Lanka with the Ability to Survive Amidst Disasters” until 2026 paying attention on the fields of productive democratic governance, growth based on a secure market and strengthening resources to sustain pressure and stress.
The Cabinet of Ministers had earlier granted approval to the resolution presented by the Prime Minister as the Minister of Finance, Economic Stability and National Policies for the grant.