The Government information department said that during the official visit of Prime Minister Ranil Wickremesinghe to Japan in October 2015, the Governments of Sri Lanka and Japan had agreed to declare cooperation covering the areas of advanced agriculture, science and technology for industries, advanced infrastructure and regional development, education and human resources development, and civil security and safety.
Accordingly, a proposal made by Prime Minister Ranil Wickremesinghe, in his capacity as the Minister of National Policies and Economic Affairs, to establish the Japan – Sri Lanka Joint Comprehensive Partnership Secretariat in Colombo and Tokyo for facilitating the cooperation, was approved by the cabinet of Ministers.
Cabinet has also approved a proposal by the Prime Minister to sign exchange notes with the government of Japan to obtain a development policy loan of Japanese Yen 10,000.
The Japan International Cooperation Agency (JICA) has agreed to provide funds for the development process of the government considering the sectors of achieving the economic stability of Sri Lanka through financial stability of Sri Lanka, improvement of public resources management and facilitating public-private competition.
The Government said the Sri Lankan cabinet has decided to enter into a loan agreement with JICA for the above purpose. (Colombo Gazette)