Dinesh Gunawardena Japan Usa Sri Lanka crisis Department Provident Progressive Waters Cooper Assurant Dinesh Gunawardena Japan Usa Sri Lanka

JICA to resume projects after IMF deal is finalized

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COLOMBO (News 1st); JICA is set to resume its ongoing projects in Sri Lanka no sooner the IMF package on debt restructuring finalized, said the Prime Minister's Media Division.Prime Minister Dinesh Gunawardena urged the Japan International Cooperation Agency (JICA) to recommence all the ongoing projects that are temporarily halted due to fiscal issues.He made this request when Director General of the South Asia Department of the Japan International Cooperation Agency (JICA), Teruyuki Ito met him on Monday (20).Teruyuki Ito assured the Prime Minister that JICA projects would be resumed no sooner the debt restructuring programme is finalized by the International Monetary Fund.12 JAICA projects worth US$ 2.5 billion have been temporarily halted due to the fiscal crisis.

The JICA delegation had expressed satisfaction over the progress in debt restructuring plans, in which Japan also played a major role.The Prime Minister thanked JICA Director General for the continuous assistance provided to Sri Lanka for several decades for water treatment, sewerage, sanitation and solid waste treatment projects in several cities and towns.

He also requested JICA to provide assistance in new areas such as renewable energy and electrification of public transport and railways.Prime Minister Gunawardena also briefed the JICA delegation about the steps taken to improve transparency and accountability in project implementation by enacting required legislations as recommended by the Committee appointed by the President.

He added that a Budget Act would be passed to ensure continuation of nationally important projects and policies despite change of governments in power..

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