These loans and grants were scheduled to be utilised mainly for the sectors of roads and highways, bridges, urban development, electricity, education and training, environment, health and sanitation and social infrastructure facilities.
According to a presentation of financial statements of foreign funded projects subjected to audits, it was revealed that 163 foreign funded projects remained in their implementation stage by the year under review and the annual financial statements of 122 foreign funded projects out of them had been furnished to audit.
However, the financial statements of the projects implemented under the Indian Loan Scheme, Assistance of the Chinese Government and under the Bilateral Loan Scheme had not been furnished to audit due to the condition that the annual financial statements should be examined by the Auditor General not being stated as a mandatory requirement
Economic
Government enters into 41 foreign financing agreements
Sri Lanka had entered into 41 foreign financing agreements with foreign development parties and lending agencies in the year under review and it had been scheduled to obtain a sum of USD 3,378.8 million in the forthcoming years through those agreements.
Sri Lanka had entered into 41 foreign financing agreements with foreign development parties and lending agencies in the year under review and it had been scheduled to obtain a sum of USD 3,378.8 million in the forthcoming years through those agreements.
It consisted of a sum of USD 3,312.5 million, intended to be obtained by loan agreements and a sum of USD 66.3 million, scheduled to be received in the forthcoming years through grants.
