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The Government of Sri Lanka (the Department of External Resources (ERD) and the Department of National Planning (NPD)) and the Independent Office of Evaluation (IOE) of the International Fund for Agricultural Development (IFAD) (sponsor of the National Workshop) held a one-day workshop at the Taj Samudra Hotel,Colombo yesterday (13.3.2019) to share the conclusions of an independent evaluation of IFAD's country strategy and rural development programme in Sri Lanka.

The workshop presented the main conclusions and recommendations of the evaluation which analyses the past 13 years of rural investment that IFAD has undertaken together with the Government. The event was also an opportunity to discuss how IFAD can best support the country in developing the rural sector, strengthen policy engagement and partnerships in the country, and better involve the private sector in agricultural value chains and assist smallholder farmers to access credit.

The workshop has brought together rural development experts and evaluators from Sri Lanka including Mr. K D S Ruwanchandra, Secretary, Ministry of Agriculture, Rural Economic Affairs, Livestock Development, Irrigation and Fisheries & Aquatic Resources Development, Mr.  J A Ranjith, Secretary, Ministry of Plantation Industries, DG/NPD, Actg.DG/ERD, DG/Department of Development Fund, etc, IFAD including Mr Donal Brown, Associate Vice President, Programme Management Department, Mr Nigel Brett, Director, IFAD Asia and the Pacific Division and Mr Oscar Garcia, IOE Director, and other organizations and international development institutions. The participants were around 150.

Discussions addressed key issues and strategic priorities to be included in a new strategy that promotes development effectiveness with the aim of eradicating rural poverty in the country.

Finally, it was concluded with the signing of the Agreement at Completion Point (ACP) which contains recommendations based on the evaluation findings and conclusions presented in the CSPE report, as well as proposed follow-up actions, in between              Mr. Ajith Abeysekera, Actg. Director General, Department of External Resources and      Mr Donal Brown, Associate Vice President, Programme Management Department, IFAD. The signed ACP is an integral part of the CSPE report in which the evaluation findings are presented in detail, and will be submitted to the IFAD Executive Board as an annex to the new country strategic opportunities programme for Sri Lanka.

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Saudi Fund for Development (SFD) had fielded a mission in Sri Lanka during 27th February to 1st March 2019 to review the progress of SFD funded projects. During the mission, SFD officials had project review discussions on following SFD funded projects,

  • Epilepsy Hospital and Health Centers Project
  • Kalu Ganga Development Project
  • Road Network Development Project
  • Badulla – Chenkaladi Road Improvement Project
  • Left Bank Development Project in Kalu Ganga
  • Wayamba University Township Development Project

Further, SFD has agreed to provide Saudi Riyal 187.5 million (USD 50 Million) for the Establishment of Medical Faculty for the University of Sabaragamuwa and Loan Negotiation will be held on April this year. The proposed project will increase the opportunity for talented advanced Level qualified students to enter the National University system.

Since, there is a continued close collaboration and very cordial partnership between two countries, SFD has agreed to provide more financial assistance to enhance the economic development of Sri Lanka by implementing development projects for the benefit of the people of Sri Lanka.

 

In line with the Government of Sri Lanka’s policy to increase the number of Police Station to 600 with the view to further strengthen the public security, law and order of the country, the government has taken a policy decision to Purchase of 750 Nos Jeeps for Sri Lanka Police (including 150 Nos Jeeps for Special Task Force). The decision has been approved the cabinet of ministers’ for implementation. The financing arrangement for this project has been made with the Government of India through utilization of concessionary funding available in an existing Indian Line of Credit. Accordingly, USD 20 million will be utilized from the above credit line for the procurement of 750 jeeps. At the moment, the prequalification process has been started prior to commence the tendering process.

 

 

As the request of the Government of Sri Lanka based on the project proposal submitted by the Ministry of Development Strategies and International Trade, the Government of India has agreed to provide grant assistance of LKR 250 million for this project under its Small Development Project (SDP). The aim of this project is to support the continuing economic development of the Northern Province, through the generation of new employment opportunities for young people and new entrepreneurs in the emerging sectors like information technology and other professional services. The approval of the Cabinet of Miniters’ has been grant to for this Indian grant project. The Memorandum of Understanding for this project between Government of Sri Lanka and Government of India has been ceremonially signed on 21st February 2019 at Temple Trees.

 

 

 

The loan negotiations for Support to Colombo Urban Regeneration Project and Reduction of Landslide Vulnerability by Mitigation Methods Project were successfully concluded between the representatives of the Government of Sri Lanka and Asian Infrastructure Investment Bank at the AIIB Headquarters at Beijing, China on 21 and 22nd of February 2019. AIIB will provide loan facilities of USD 200 million and USD 80 million for the Colombo Urban Regeneration Project and Reduction of Landslide Vulnerability by Mitigation Methods Project respectively. Urban Development Authority (UDA) and the National Building Research Organization (NBRO) will implement the projects as the first two projects implemented with the financial assistance of AIIB.  

 

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