European Union pledges Euro 42 million to Sri Lanka

The European Union (EU) will step up its assistance to Sri Lanka, by providing Euro 42 million (approximately LKR 6.93 billion) for the implementation of two programmes: Support to the Modernisation of the Agricultural Sector in Sri Lanka (EUR 30 million) and Strengthening Reconciliation Processes in Sri Lanka (EUR 12 million).

Secretary to the Ministry of Finance, Dr. R. H. S. Samaratunge signed the agreements on behalf of the Government in the presence of Ambassador to Sri Lanka and the Maldives for the Delegation of the European Union, H.E. Tung Lai Margue.

The Foreign Office of the Federal Republic of Germany and the British Council will also contribute EUR 2.4 million and EUR 0.1 million respectively to the programme on reconciliation.

The programme aimed at Strengthening Reconciliation Processes in Sri Lanka is a direct result of the EU’s Foreign Affairs Council (FAC) conclusions on Sri Lanka in October 2015, which envisaged “new opportunities for the EU to engage with the Government of Sri Lanka in making further progress on reconciliation and support priorities of good governance including tackling corruption, promoting respect for human rights and the rule of law”.

The programme will strengthen the governance of reconciliation processes by seeking institutional consensus across various government entities and civil society, in addition to contributing to strengthening the linkages between the government and the grassroots population.

The programme will also facilitate initiatives that link reconciliation and non-recurrence by addressing language barriers and psycho-social needs, as well as using arts and culture to break down barriers between communities.

The EU aims to help modernise the agriculture sector by improving the Government’s institutional capacities and by introducing innovative packages and associated market and production infrastructure. (Colombo Gazette)

1 COMMENT

  1. By and large that EU nations in many occasion to misused that loans and some financial assistance as carrot stick to undermined national sovereignty and Territorial integrity of Island of Sri lanka.
    As well as Democracy of Island. This must stop by EU nations, in Sri lanka.

    EU is even now promoting Tamil Eealm state in North-east to build New Rough State in North by Tamil Terrorist New leader of C.Wigansram of NC.

    Judge turn Tamil -chauvinist politician of New LTTE leader of C.Wignesaran is pawn of LTTE political tools.

    Having doubt that all funding diverted for encouraging Gun-rule politics in North by CW of NC’ governances’.

    We having doubt EU all financial assistant has gone to Gun-rule political forces since 2015 January 9th that under leadership of TNA and CW of North Council?

    EU should not encourage such anti-Democratic activities in North by hidden agenda against Majority community of Sri Lankan who follows path of Democracy?.

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