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Millennium Challenge Corporation

Final Committee Report on MCC to President today

The final report of the committee reviewing the Millennium Challenge Corporation (MCC) is due to be handed over to the President today. The committee was chaired by Professor Lalithsiri Gunaruwan of the Department of Economics, University of Colombo. Transport Economist DS Jayaweera, President’s Counsel Nihal Jayawardena and Chartered Architect Nalaka Jayaweera were the other members …

Bandula Gunawardena

Cabinet decision to suspend MCC (Video)

The Cabinet has decided to suspend work related to the Millennium Challenge Corporation (MCC) Agreements. Addressing a press conference to announce the cabinet decisions, Co-Cabinet Spokesperson Minister Bandula Gunawardena stated that a four-member committee has been appointed to study the agreement. The committee comprises Dr. Lalith Gunaruwan of the University of Colombo, Architect Nalaka Jayaweera, …

Alaina B. Teplitz, US Ambassador to Sri Lanka and Maldives

Teplitz tapers down Lankan fears over $ 480 m US Millennium Challenge deal

Ambassador Alaina B. Teplitz last week allayed fears over Sri Lanka’s move to sign up for the US Government’s Millennium Challenge Corporation (MCC) Compact entailing $ 480 million of grant assistance, saying it was highly beneficial for poverty reduction via sustainable economic growth. [perfectpullquote align=”left” bordertop=”false” cite=”” link=”” color=”” class=”” size=””] Says pure grant assistance …

Ranil Wickremesinghe

No SOFA, PM’s Office tells private sector

The Ceylon Chamber of Commerce (CCC) was yesterday on the receiving end of some strong words in response to its request for more transparency regarding agreements with the US, with the Prime Minister’s Office saying it regretted the politicisation of the private sector body. In a letter which was released to media, signed by Prime …

Kumar Sangakkara

Kumar Sangakkara: First non-British president of MCC

Former Sri Lanka captain Kumar Sangakkara has been appointed as the President of Marylebone Cricket Club (MCC). He is the first non-Britisher to hold the prestigious position. Sangakkara’s nomination was announced by the current President, Anthony Wreford, at the MCC Annual General Meeting at the Lord’s last night(May 01). He will take up the post …

USA Flag

US puts on hold discussions over SL’s participation in MCC

The US has put on hold its discussions with Sri Lanka on its potential participation in an American aid initiative on poverty reduction due to the disruption in the country’s democratic process following the ouster of Prime Minister Ranil Wickremesinghe, a senior official has said. Sri Lanka plunged into a political crisis after President Maithripala …

USA Flag

US puts on hold discussions over SL’s participation in MCC

The US has put on hold its discussions with Sri Lanka on its potential participation in an American aid initiative on poverty reduction due to the disruption in the country’s democratic process following the ouster of Prime Minister Ranil Wickremesinghe, a senior official has said. Sri Lanka plunged into a political crisis after President Maithripala …

Millennium Challenge Corporation

Further economic grants from US Millennium Challenge Corporation

Following its competitive selection by the US Millennium Challenge Corporation (MCC) for grant assistance, the Government of Sri Lanka (GoSL) is now focusing on improving transport infrastructure and land administration in the country, consistent with the government’s Vision 2025. Investing in these sectors will help create the foundation for economic growth with equity. After reviewing …

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