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» මැතිවරණයේදී කාන්තා හිංසනයට, ජාති - ආගම් භේදවලට දැඩි පියවර - මහින්ද දේශප්‍රිය
Today at 7:17 pm by කිත්සිරි ද සිල්වා

» Plantation sector updates
Today at 6:15 pm by Ethical Trader

» Dividend Announcement
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» The 12 Unbreakable Rules for Succeeding as a Trader
Today at 11:22 am by CK

» PB. N0000 (People's Bank)
Sat Dec 16, 2017 2:04 pm by Ethical Trader

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» Booze Calculator
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» Plantations - Analysis by Saliya
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» ඇලබාමා මැතිවරණයෙන් ඩොනල්ඩ් ට්‍රම්ප්ට පරාජයක්
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» Best combination in Sinhala music: Prem+Victor
Tue Dec 12, 2017 3:49 pm by CK

» JKH trades in a tight channal
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» Sri Lanka to push ahead with shipping liberalization
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» Investment in listed companies.
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» TPL.N0000 (TALAWAKALE PLANTATIONS )
Sun Dec 10, 2017 6:59 pm by කිත්සිරි ද සිල්වා

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» ඩොලර් මිලියන 251.4 ක IMF තෙවන ණය වාරිකය අනුමතයි
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» ශ‍්‍රී ලංකාව ලෝකයේ දූෂිතම රටවල් හතර තුලට වැටේ..
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» හම්බන්තොට වරාය චීනයට බාර දීම 09 වෙනිදා
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» ඉන්දියා යාමට ගිය ක්‍රීඩකයන් ගුවන්තොටේදී යළි කැඳවේ
Tue Dec 05, 2017 2:21 pm by Ethical Trader

» උතුරු කොරියානු මිසයිලය : ගුවනේදී "කැතේ පැසිෆික් කාර්ය මණ්ඩලය දුටුවා""
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Mon Dec 04, 2017 1:14 pm by nihal123

» Flying is the Safest mode of Transport
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» එජාප මන්ත්‍රීවරුන්ට ජනාධිපති විවේචනය කිරීම තහනම්
Fri Dec 01, 2017 11:58 am by Ethical Trader

» හිමගිර පාමුළ විමුක්තිය සොයන බෞද්ධ භික්ෂුණින් වහන්සේ
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» දකුණු කොරියාව: ජනපති මෛත්‍රීට අනපේක්ෂිත අමුත්තෙක් මුණගැසෙයි
Fri Dec 01, 2017 11:36 am by Ethical Trader

» Laughter the Best Medicine
Thu Nov 30, 2017 6:08 pm by කිත්සිරි ද සිල්වා

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Thu Nov 30, 2017 4:12 pm by Ethical Trader

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» Higher oil bill overshadows strong growth in exports
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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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