October 19, 2019
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    Govt, AIIB talks for additional USD 1 Bn development aid

    June 19, 2019

    The government is presently holding discussions with the Asian Infrastructure Investment Bank (AIIB) for an additional aid of USD 1000 million for development purposes, Finance Minister Mangala Samaraweera yesterday said.The Minister observing that the government has already received foreign aid in large amounts stated that all such generous aid were granted not based on personal connections but because they are satisfied with Sri Lanka’s economic policies.

    Finance Minister Samaraweera made these observations participating in the debate on the amendments to Excise Ordinance and the Act on regulating the insurance sector. “I would like to point out that, despite many difficulties, this country is now on the way towards long term development. Eventhough some politicians suffering from political bankruptcy claim otherwise, we have established a solid economic foundation for this country. Many international institutes now see Sri Lanka in a positive light. The World Bank, International Monetary Fund, Asian Development Bank, AIIB, USAID are among such institutions,” Minister Samaraweera said.

    Speaking further, Minister Samaraweera said, “Now, all this aid is provided to us not because we have personal ties or affiliations for these institutions, but because they are impressed by our economic plan. That is because they have understood that the economic development rate is not the only measurement to measure development. They have understood that social welfare, human resource development, infrastructure facilities, health and education are equally important.”

    Minister Samaraweera also observed that the government was able to move development from urban areas to villages. He said that Rs. 48,000 million has been allocated for the Gamperaliya programme for 98,600 projects. “Under Stage one of the amperaliya project, we gave Rs.300 million for an electorate, and under Stage two of the same, we are planning to allocate an additional Rs.100 million as well. As part of this programme, we will be allocating Rs.8,000 million to establish five Dharma Shala at 800 temples.”Minister Samaraweera said that the government is working towards a country where the young generation will not fight each other on religious disagreements.

     

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