“Parliament will have ample opportunity to review MCC pact”
Sri Lanka’s parliament will have ample opportunity to review the MCC grant assistance agreement once it is signed, the US Embassy says in a statement.
Once the grant assistance agreement is signed, the Government of Sri Lanka will send it to parliament for approval in consistent with the Millennium Challenge Corporation’s worldwide policy in all partner countries, it says.
During that review period, the government will develop plans to implement the grant assistance agreement and design projects to improve transportation and land administration.
“Parliamentary review and approval are required by MCC to ensure the grant assistance agreement has the support of the government and the people,” it says.
The US Embassy statement adds the MCC pact will directly benefit over 11 million Sri Lankans and meaningfully stimulate economic growth.