Sri Lanka receives Yen 1,600 million grant from Japan - Adaderana Biz English

Sri Lanka receives Yen 1,600 million grant from Japan – Adaderana Biz English

The Governing administration of Japan, as a person of our principal advancement companions, presents concessional loans and many grant support strategies these as the Economic and Social Enhancement Plans, Complex Cooperation, Analysis Partnerships, Progress Scientific studies, and non-challenge grant help with a view to bettering the socio-economic standing by strengthening bilateral relations in between the two nations.

For the duration of the existing economic disaster in Sri Lanka, the governing administration of Japan has extended its cooperation by supplying required fast humanitarian aid for the impacted group as perfectly as by equipping the public sector, aiming to enhance the socioeconomic condition in the country.

At this juncture, at the request of the Authorities of Sri Lanka, the Federal government of Japan has agreed to present grant assistance amounting to Japanese Yen one particular thousand and six hundred million (somewhere around LKR 3.3 billion) under the Japanese Financial and Social Improvement Programme, looking at the prerequisites of diversified fields namely maritime ecosystem, fishing, health treatment, and vocational education.

Underneath this grant support four vessels for oil boom with the necessary add-ons, a generator, and a cargo truck with a crane for improving oil spill response and management of the Sri Lanka coastline guard moveable ultrasonic scanners, gynecological evaluation tables, a laparoscopic method, mammography, fetal coronary heart raters, and infant warmers for strengthening the maternal and pediatric treatment in main hospitals in Northern Province industrial stitching machines, zigzag (industrial) devices, overlock (5 thread) devices, and button holder (5 thread, industrial) equipment for dressmaker programs at vocational training centers in Northern Province and a petrol boat, a rigid-hull inflatable boat, lighted buoys, and HG radio Transceivers will be provided for the project of assure the basic safety of fishermen will be delivered.

The Exchange of Notes pertaining to the previously mentioned grant had been signed by the Secretary to the Ministry of Finance, Financial Stabilization, and Nationwide Policies, Mr. K.M. Mahinda Siriwardana, on behalf of the Government of Sri Lanka on March 18, 2024, at the Ministry of Finance, Financial Stabilization, and National Guidelines. His Excellency the Ambassador of Japan in Sri Lanka, Mr. MIZUKOSHI Hideaki signed the Exchange of Notes on behalf of the Federal government of Japan.