EU to give Sri Lanka €60 million grant for 'development'

by admin
Aug 27, 2012

The Sri Lankan Economic Development Ministry has announced it is to receive a grant worth €60 million for its District Development Programme.

According to the Daily Mirror, the announcement was made by the head of the EU delegation, Bernard Savage during a meeting with Economic Development Minister Basil Rajapakse on Monday.

The money will go to projects selected by the Sri Lankan government and implemented by UN and World Bank agencies.

The UN Resident and Humanitarian Coordinator, Subinay Nandy was also present at the meeting and said its agencies would cooperate with governmental strategies for development and extend assistance in accordance with requirements, the Daily Mirror further reported.

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