A delegation from the US Government’s Millennium Challenge Corporation (MCC), led by Chief Operating Officer Jonathan Nash, visited Sri Lanka this week to continue progress on the proposed MCC compact – a large-scale five-year grant programme. MCC is developing the compact in partnership with the Sri Lankan govvernment to promote inclusive economic growth that will benefit Sri Lankans.
During the visit, COO Nash met with senior government officials, including Prime Minister Ranil Wickremesinghe, Finance Minister Mangala Samaraweera, State Finance Minister Eran Wickramaratne and Foreign Secretary Prasad Kariyawasam.
The proposed MCC Sri Lanka Compact is in the final stage of development. The compact is expected to be negotiated with the Sri Lankan government in the coming weeks. MCC will fund the compact entirely through grants which do not need to be repaid rather than loans.
