ECONOMY – Sri Lanka denies reports that after August`s parliamentary elections it will sign a controversial financial aid agreement with the United States Millennium Challenge Corporation. Some politicians and civil society groups have linked the proposed pact to the GCC to other more open security agreements, such as the U.S. Agreement on the Status of the Armed Forces, which sets the framework for the U.S. military`s entry into Sri Lanka, which critics have seen as an attempt to create a U.S. military base. , or even a possible base in the country. U.S. officials called the claim “blatant misinformation.” The four-member committee, headed by Professor Lalithasiri Gunaruwan, who last week presented its interim report to President Gotabaya Rajapaksa, said that there were clauses and conditions in the agreement that would have a negative impact on national objectives and objectives, sovereignty and national security and that would be incompatible with the legal framework and the Constitution. , Financial Times Minister Gunawardena said on Friday. Opposition to the millennium challenge compact (MCC) agreement was an important plan in Sri Lanka`s political campaign for Podujana Peramuna to elect its candidate Gotabaya Rajapaksa in November 2019. The MCC compact, which the United States currently wants to push down the throat with a $480 million carrot, should make a good comparison with 19th-century British colonial policy. The GCC pact is strongly rejected by the Sri Lankan base, which voted overwhelmingly in favour of President Gotabaya Rajapaksa in the November 2019 and August 2020 parliamentary elections. The failure to sign the MCC agreement was a great election promise.
MCC is a U.S. government company and its Board of Directors approved a five-year program for Sri Lanka in April 2019. But the government fell before it was signed. Dr. Badarage points out that a report prepared for the MCC by Harvard University`s Centre for International Development calls for the main plank of the MCC agreement to be a digital land registry to allow the private sector to have “adequate access to land.” In Sri Lanka, a presidential committee examining the Millennium Challenge Corporation`s (MCC) draft agreement with the U.S. government expressed reservations that certain clauses could not be implemented legally. February 28, Colombo: The Cabinet of Ministers has decided to suspend the signing of the Millennium Challenge Corporation (MCC) agreement after reviewing the recommendations of the committee appointed to review the agreement, said co-minister Bandula Gunawardena, a cabinet spokesman. Gunewardene said Teplitz had responded to a reporter`s question during the recent interview about the government`s signing of the agreement that “the government`s current priorities are the election and response to the COVID 19 crisis.” The agreement, which included a $480 million grant, was to reduce congestion, improve public transportation in Colombo, upgrade provincial roads and expand existing initiatives to improve land management.