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» East West ගනුදෙනුවෙන් කොටස් පිරිවැටුම බිලියනය පනී
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» How to identify a stock market bottom
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» ලොව බලවත්ම ගැහැනිය වූ සායම් බාස්‌ගේ දුව
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Yesterday at 12:53 pm by sashimaal

» CIC රුපියල් මිලියන 238 කට කෘෂි රසායනික සමාගමක් මිල දී ගනී
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» ධම්මික පෙරමුණට එයි
Mon Oct 16, 2017 3:23 pm by Ethical Trader

» Govt. mulls removing barriers to allow Lankan firms hire foreign labour
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» Laughter the Best Medicine
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» Panama Papers: Huge leak reveals elite's tax havens/ධනවතුන්, බලවතුන් ධනය හැංගූ හැටි හෙළිවෙයි .ලංකාවත් පැනමා පේපර්ස් ලැයිස්තුවේ
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Wed Oct 11, 2017 10:32 pm by nihal123

» LIOC.N0000 (Lanka IOC PLC)
Tue Oct 10, 2017 9:56 pm by First Guy

» The Myth of Average !
Mon Oct 09, 2017 1:13 pm by Expert

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» Plantation sector updates
Sat Oct 07, 2017 6:41 pm by Senarath67

» Plantation Sector - Yesterday, Today and Tomorrow
Sat Oct 07, 2017 12:19 pm by CK

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» GSP+ ලැබීමෙන් පසු ඇඟලුම් අපනයන ආදායම ඉහළ ගියේ මෙහෙමයි
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» TJL.N0000 (Textured Jersey Lanka PLC.)
Tue Oct 03, 2017 1:41 pm by CK

» ගෝලීය තරඟකාරීත්ව දර්ශකයේ 85 වැනි ස්ථානය දක්වා ශ්‍රී ලංකාව පහළට
Mon Oct 02, 2017 3:37 pm by Ethical Trader

» කාගිල්ස්, මිලියන 4,200 කට ඩෝසන් කාර්යාල සංකීර්ණය විකුණයි
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» SAMP.N0000 (SAMPATH BANK PLC)
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» In the Meantime, Within Our Shores !
Sat Sep 30, 2017 9:04 pm by කිත්සිරි ද සිල්වා

» සනත් අයියා ගහන ගැහිලි !
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» CB Governor offers key insights
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» The Govt. Doesn’t wish to pay off debts at once’
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» Obituary Notice.
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» Flying is the Safest mode of Transport
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» Oil,gold, silver Prices
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JICA supports the sustainable economic growth of Sri Lanka through Rs. 14.45 Billion budget support

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JICA supports the sustainable economic growth of Sri Lanka through Rs. 14.45 Billion budget support

Post by Backstage on Mon Oct 10, 2016 7:36 pm

JICA supports the sustainable economic growth of Sri Lanka through Rs. 14.45 Billion budget support
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October 10th, 2016

The Government of the Democratic Socialist Republic of Sri Lanka and Japan International Cooperation Agency (JICA) today signed a loan agreement for an amount of JPY 10,000 million, equivalent to approximately Rs 14.45 billion.

The signing of the loan agreement took place today between Ms. Chandra Ekanayake, Deputy Secretary to the Treasury of Ministry of Finance, and Hidetoshi Irigaki, Vice President of JICA at the Ministry of Finance.

The Development Policy Loan (Private Sector Development, Governance Improvement, and Fiscal Consolidation), which is co-financed with the World Bank aims to provide support to policy and institutional reforms of the Government of Sri Lanka with a focus on reducing obstacles to private sector competitiveness, establishing more transparent and well managed public institutions and in improving fiscal sustainability of the Government. This is expected to further strengthen economic and industrial competitiveness, and thereby to contribute to sustainable economic growth of Sri Lanka.

The Government of Sri Lanka has prioritized a package of policy and institutional reforms including efforts to repeal excessive tax incentives on the revenue front, and reducing expenditures by improving transparency and efficiency in the budget process on the expenditure front. Efforts also include measures to attract foreign direct investments for the private sector to reach its full potential.

The Ministry of National Policies and Economic Affairs will be the Ministry responsible for the overall implementation of this program in cooperation with the related agencies including the Ministry of Development Strategies and International Trade, Ministry of Finance, Ministry of Parliamentary Reforms and Mass Media, the Auditor General’s Department, the Board of Investment and the Central Bank of Sri Lanka.

JICA’s loan is provided under concessional terms with an annual interest rate of 1.4% and with a 25 year repayment period.

JICA will continue to provide support for the sustainable economic growth of Sri Lanka by utilizing technical cooperation, concessional loan and grant aid.

Caption: Hidetoshi Irigaki, Vice President of JICA and Ms Chandra Ekanayake, Deputy Secretary to the Treasury of Ministry of Finance sign the agreement.
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