German grants for development projects

German grants for development projects

German grants for development projects

The German government granted 13 million Euros to Sri Lanka to implement five development projects during this year. This grant was pledged to Sri Lanka during President Maithripala Sirisena’s official tour of Germany in February.

The agreements with regard to this grant was signed at the Finance Ministry yesterday. Secretary to the Finance Ministry Dr. R.H.S. Samaratunga signed the agreement on behalf of the Government while German Ambassador to Sri Lanka Dr. Jürgen Morhard signed on behalf of the German Government.

Among the projects to be implemented under this grant are: Wilpattu National Park and its Buffer Zone Management Project, Small and Medium Scale Enterprises Development Project and Social Integration Project and Transformation Facilitation Project.

The agreements were signed to release 13 million Euros to implement these four projects and another project. The other project titled “Project of Quality Infrastructure Improvement in Sri Lanka” has already been implemented under a budgetary allocation of one million Euros.

The German Government has been supporting Sri Lanka by sponsoring different projects such as granting technical support and offering grants assistance.

Courtesy Daily News   JUL 26 2016

Naga Narendran

Naga Narendran ACMA, CPA, CGMA A Management Consultant with over 40 years of experience in Finance and large scale Business Project Management gained mainly in Australia and has served in senior executive positions in top tear corporations including IBM.

Leave a Reply