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EU Grant Highlights Sri Lanka’s Aid Dependence and Trade Risks - LNW Lanka News Web
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EU Grant Highlights Sri Lanka’s Aid Dependence and Trade Risks - LNW Lanka News Web
By: Staff WriterSeptember 25, Colombo (LNW): Sri Lanka’s fragile economy has increasingly become dependent on foreign assistance, with grants and preferential trade schemes forming critical lifelines. The latest example came yesterday, when the Finance Ministry announced a €8 million ($9.4 million) grant from the European Union (EU) aimed at supporting biodiversity conservation and solid waste management.Treasury Secretary Dr. Harshana Suriyappe…
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