United States Commits to Supporting Sri Lanka’s Economic Revival

Date:

October 09, Colombo (LNW):The United States has pledged to provide crucial support to strengthen Sri Lanka’s economy, according to a statement from the President’s Media Division yesterday (8). In a meeting at the Presidential Secretariat, US Ambassador to Sri Lanka, Julie Chung, announced that the support will focus on fostering an export-driven economy to enhance Sri Lanka’s economic resilience.

During the meeting, Ambassador Chung conveyed US President Joe Biden’s congratulations to Sri Lankan President Anura Kumara Dissanayake, delivered via President’s Secretary Dr. Nandika Sanath Kumanayake. She emphasized that both the International Monetary Fund (IMF) and the United States Agency for International Development (USAID) are prepared to offer financial aid aimed at improving Sri Lanka’s economic prospects.

Additionally, the United States pledged financial and technical support for President Dissanayake’s initiatives to combat fraud and corruption, promote good governance, and enhance national security. Ambassador Chung reiterated the US’s commitment to supporting renewable energy development, export-oriented agriculture, and poverty alleviation in rural areas.

In further support of social development, the United States will expand the current rural school lunch program to include urban schools, contributing to improved nutrition for schoolchildren. The meeting was also attended by USAID Deputy Director for Sri Lanka and the Maldives, along with economic expert Christopher Gooch.

Share post:

spot_imgspot_img

Popular

More like this
Related

MSMEs Urge Action on Lending Rates amid Weak Policy Transmission

By:Staff Writer December 22, Colombo (LNW): Sri Lanka’s Micro, Small...

ADB Irrigation Grant Signals Strategic Push for Sri Lanka Agricultural Resilience

By:Staff Writer December 22, Colombo (LNW): The Asian Development Bank’s...

Recovery Spending After Ditwah Balances Stability and Risk

By:Staff Writer December 22, Colombo (LNW): Sri Lanka’s plan to...

India’s Swift Aid to Sri Lanka: Compassion, Strategy, or Both?

By:Staff Writer December 22, Colombo (LNW): India’s External Affairs Minister...