Exploring new partnership
Chief Executive Officer,
US Millennium Challenge Corporation (MCC), Dana J. Hyde with Sri
Lanka’s Ambassador Prasad Kariyawasam
In a meeting with the Chief Executive Officer of the US Millennium
Challenge Corporation (MCC), Dana J. Hyde, Sri Lanka's Ambassador Prasad
Kariyawasam, emphasized the desire of the Government to establish a
partnership with the United States under the Millennium Challenge
Created by the US Congress in January 2004, with strong bipartisan
support, MCC is an innovative foreign aid agency that operates on the
principle of delivering US grant assistance to selected countries on the
basis of a long-term consultative partnership, with the objective of
reducing global poverty through sustainable economic growth.
MCC grants to partner countries can reach the tune of US$ 500 million
over a five-year partnership.
To date, MCC has approved over $10 billion in assistance worldwide
that support country-determined projects in a variety of sectors.
Ambassador Kariyawasam also briefed Hyde on the reform process in Sri
Lanka and the significant progress that has been achieved by the
government since its election to office in January.