Aid Drip

From left: Dr. Fernando Im, Senior Country Economist for Sri Lanka and the Maldives, The World Bank, Hon. Eran Wickramaratne, State Minister, Ministry of Finance and Mass Media, Dr. W A Wijewardana, Former Deputy Governor of the Central Bank of Sri Lanka, Prof. Indralal de Silva, Former (Chair) of Demography, University of Colombo, Prof. Amala de Silva, Department of Economics, University of Colombo at the panel discussion on "Demographic Change in Sri Lanka" moderated by Dr. Ramani Gunatilaka, International Centre for Ethnic Studies.

The Asian Development Bank on Wednesday approved US$ 80 mn to rehabilitate conflict areas – a first such loan since the Tokyo aid parley last year.

The Manila based bank will part fund a rehabilitation project in some of the worst affected areas and neighbouring towns, despite peace on the ground reaching a stalemate.rn

rnThe part Treasury funded US$107 mn project will rehabilitate the road network, power and water supply as well as re-settling those displaced by conflict, ADB Country Director, John Cooney said Wednesday.rn

rnThe Conflict Areas Affected Rehabilitation Project (CAARP) will cover Jaffna, Mannar, Mullaitivu, Kilinochchi, Vavuniya, Trincomalee, Batticaloa and Ampara.rn

rnIn addition to re-building 500 km of major roads, it will also include preparing a project plan to provide the Jaffna peninsula with a reliable water supply.rn

rnldblquote There are some 2 million conflict affected people in the North and East with conflict related poverty ranging up to 79 percent in some areas