US delegation requests Intl. Banks to provide assistance to procure medicines, essentials

The visiting high-level US diplomatic delegation has assured that they will support by requesting international banks to assist Sri Lanka when issuing Letters of Credit (LC) to obtain medicines and essential commodities, President’s Media Unit said.

They have also assured that the US Government will continue its support to strengthen the relationship with the International Monetary Fund at all levels.

The meeting between the US State Department and the Treasury delegation and the President held at the President’s House, Colombo, ON Monday 27 .

President Rajapaksa commended the delegation for their visit to Sri Lanka and briefed them on the current economic and social crisis in the country.

The President also briefed about the progress of the ongoing discussions with the IMF. Kelly Keiderling, Deputy Assistant Secretary of State for South and Central Asia, US Department State and Robert Kaproth, Deputy Assistant Secretary of Treasury for Asia.

The US Department of Treasury further stated that US President Joe Biden is interested in the future of Sri Lanka.

The US President has also instructed to support Sri Lanka during this difficult time and to extend all possible assistance to the country.

The delegation expressed confidence with the implementation of the programme with the IMF will provide relief to the vulnerable families and will continue to have a positive impact on the future.

They said they were pleased with the similarities between the President’s understanding and their understanding of the economic reform process taking place in the country.

The delegation commended the President on the free space given to anyone to express their opinions without any hindrance to the right to freedom of expression.

The US government has provided US$100 million as medium term assistance to Commercial Bank to promote and uplift small scale businesses and also US$ 5.75 and another US$ 6 million financial assistance as humanitarian aid to Sri Lanka.

The delegation recalled the other US supported projects such as polyester fiber and yarn processing projects which are manufactured with disposable plastic materials.

Matthew Mohlenkamp, Treasury Office Director for South and Southeast Asia, John McDaniel, State SCA/NSB Economic Unit Chief, Julie Chung, US Ambassador to Sri Lanka, US Embassy, Geoff Chanin, Acting Political Chief, US Embassy, were present at this discussion.