Dec-18 MCC left us
Statement on the decision of the MCC board has been issued by the US embassy in Colombo. The full statement as follows,
On December 15 the MCC board decided to discontinue the proposed Rs.89 billion MCC development assistance grant to Sri Lanka due to lack of partner country engagement. The rs.89 billion approved for Sri Lanka will be made available to other eligible partner countries in need of grant funding to pursue their economic development priorities reduce poverty and grow their economies.
MCC board has unanimously selected Sierra Leone for a new compact to reduce poverty through targeted investments that increase economic growth. The board also unanimously selected Kiribati for an MCC threshold program the agency’s smaller grant program focused on policy and institutional reform.