The American Millennium Challenge Corporation has decided to cancel the US $ 489 million grant-in-aid agreement with Sri Lanka. The decision had been taken on December 15 and it was officially announced yesterday (16).
The Millennium Corporation said in a statement that it had withdrawn from the agreement due to the Sri Lankan government’s lack of interest in the matter.
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According to the Millennium Challenge Corporation, they have decided to extend the total amount of US $ 89 billion approved for Sri Lanka to other countries in need.
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