The Palmyrah Fund was launched by Prime Minister Ranil Wickremesinghe today to develop the North and East.
Speaking at the launch, the Prime Minister said that the new fund will help expedite the development the North and East.
He said that when Parliamentarians submit project proposals for the North and East those proposals will be implemented through the fund.
He said that the Finance Ministry has already allocated funds to the Palmyrah Fund and more funds will be allocated during the year.
The Prime Minister said that all the funds allocated for the development of the country must be fully utilised this year.
Finance Minister Mangala Samaraweera, Tamil National Alliance Parliamentarian R. Sampanthan, and other TNA MPs were among those who attended the event.