Australia and Sri Lanka signed a Subsidiary Arrangement for grant assistance to work together on strengthening governance in Sri Lanka through a four year program valued at AUS$ 31 million or approximately LKR 3850 million, a statement from the Ministry of Finance said today.
Secretary to the Ministry of Finance , Dr. R. H. S. Samaratunga and Australian High Commissioner Bryce Hutchesson signed the Arrangement on behalf of Sri Lanka and Australia respectively.
A senior Ministry official said that the the Governance for Growth Program aims to support Sri Lanka’s efforts to increase economic growth with a view to reducing poverty and inequality in the country. The program will support activities that improve the policy formation and delivery capabilities of government at national, provincial and local levels to bring about inclusive economic growth.
Activities under the program will include a partnership with the World Bank to support the Sri Lankan Government’s implementation of national economic reforms as well as working with The Asia Foundation to strengthen public sector service delivery at the sub-national level, including women and people with disabilities.
The program will also provide opportunities for research collaboration and building of institutional linkages to support the quality of Sri Lanka’s economic decision-making and public service delivery.
The Ministry of Finance and Mass Media will act as the Sri Lankan counterpart of the Governance for Growth program overall, with a key role in contributing to strategic management of the program.
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