Home » Japan to provide Rs 3.3 Bn grant assistance
For marine environment, fishing, health care and vocational training

Japan to provide Rs 3.3 Bn grant assistance

by damith
March 19, 2024 1:17 am 0 comment
The Exchange of Notes pertaining to the grant exchanged by Secretary to the Ministry of Finance, Economic Stabilization, and National Policies, K.M. Mahinda Siriwardana, on behalf of Sri Lanka and the Ambassador of Japan in Sri Lanka, MIZUKOSHI Hideaki on behalf of the Government of Japan.

On a request by the Government of Sri Lanka, the Government of Japan has agreed to provide grant assistance amounting to Japanese Yen one thousand and six hundred million (approximately Rs 3.3 billion) under the Japanese Economic and Social Development Programme, considering the requirements of diversified fields namely marine environment, fishing, health care, and vocational training.

Under this grant assistance four vessels for oil boom with the necessary accessories, a generator, and a cargo truck with a crane for improving oil spill response and management of the Sri Lanka coast guard; medical supplies tomajor hospitals in Northern Province; industrial sewing machines, zigzag (industrial) machines for dressmaker courses at vocational training centers in Northern Province; and variety ofboat, and HG radio Transceivers will be provided for the project of ensure thesafety of fishermen.

The Government of Japan, as one of Sri Lanka’s main development partners, provides concessional loans and various grant aid schemes with a view to improving the socio-economic status by strengthening bilateral relations between the two countries. During the economic crisis in Sri Lanka, Japan has extended its cooperation by providing required immediate humanitarian assistance for the affected community as well as by equipping the public sector, aiming to improve the socioeconomic situation in the country.

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