NewsThe US Government’s Millennium Challenge Corporation (MCC) Managing Director for Europe, Asia, Pacific, and Latin America Caroline Nguyen visited Sri Lanka from June 11 to 13 to advance the development of the proposed MCC compact – a large-scale five-year grant program, US Embassy in Colombo said. The U.S. government is developing this compact in partnership with the Government of Sri Lanka for the specific purpose of reducing poverty and promoting economic opportunity for Sri Lankans. The proposed compact seeks to reduce urban traffic congestion, improve interregional movement of goods and people, and support government initiatives to strengthen land administration. In December 2016, MCC’s Board of Directors selected Sri Lanka to develop a compact. Sri Lanka became eligible for assistance after passing 13 out of 20 indicators on MCC’s policy scorecard.

Source: Sunday Times June 13, 2018 08:37 UTC