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MCC agreement will be signed before polls: PM

Prime Minister Ranil Wickremesinghe said the US$ 480 Millennium Challenge Corporation (MCC) grant agreement will be signed before the 16 November presidential elections.

On a proposal made by the Minister of Finance Mangala Samaraweera, the Cabinet of Ministers yesterday approved the MCC grant.

The MCC  board was to meet in December and take a final decision if the Sri Lankan government did not proceed with the grant. The board was most likely select another suitable country for the grant.

Since the MCC agreement was placed before Cabinet in April, President Sirisena has refused to endorse its signing, pointing out  that it had to be studied before it was finalized, as opposing views have been expressed on the matter.

In August,  Sirisena told the Cabinet that the signing of the MCC grant agreement should be left to a new Government to handle and rejected the UNP’s move to push for its early finalization.

Picture by Lalith Perera