Donors opt out of aid sharing deal

Chief Regulatory Officer at CSE Renuke Wijayawardhane presenting the listing certificate to Executive Chairperson at Renuka Hotels Shibani Thambiayah

Only a part of the money earmarked for reconstruction of the North East of Sri Lanka would go into the proposed fund coming under the joint aid sharing agreement with the Tamil rebels, because some donor governments have refused to channel money into it. Only a part of the money earmarked for reconstruction of the North East of Sri Lanka would go into the proposed fund coming under the joint aid sharing agreement with the Tamil rebels, because some donor governments have refused to channel money into it. “I can’t tell you exactly how much money will go into the fund,” Finance Minister Sarath Amunugama told LBO at the conclusion of a press briefing to announce the singing of the aid agreement on Friday.

“But some donor governments are not putting money into the fund.”

The Post-Tsunami Operational Management Structure (P-Toms) envisages the setting up of a Post-Tsunami Coastal Fund (Regional Fund), which would be under the custody of a multilateral agency.

The agreement was signed by Secretary to the Ministry of Relief Rehabilitation and Reconciliation M S Jayasinghe and Shanmugalingam Ranjan, Deputy Head of the Planning and Development Secretariat of the LTTE.

Though the agreement does not specify an agency, the World Bank is expected