Millennium Challenge Corporation withdraws its US$ 480 million grant to Sri Lanka as MCC Board was Unwilling to re-negotiate Agreement in its present form as desired by Gotabaya Rajapaksa Govt
By P.K.Balachandran Highly placed sources in the Sri Lankan government said on Wednesday that the Board of Directors of the Millennium Challenge Corporation (MCC) has withdrawn the five-year US$ 480 million grant offered to the government of Sri Lanka in April 2019 after three years of negotiations. However, a formal announcement is yet to be …

