Peace Money

Japan will provide around US$ 250 million to Sri Lanka, the first under a new preferential aid scheme for peace building. Japan will provide around US$ 250 million to Sri Lanka, the first under a new preferential aid scheme for peace building. On its part, the Sri Lankan government would have to maintain consistency in its development policies, particularly in relation to key socio-economic development projects.

Channeled through the Japan Bank for International Cooperation (JBIC), the loan will fund small business development, environmental impact mitigation and micro infrastructure projects around the island, including the North and East.

A second phase of the Small-scale Infrastructure Rehabilitation and Upgrading Project will receive US$ 110.8 million.

The balance monies will be split between the third phase of the Small and Micro Industries Leader and Entrepreneur Promotion Project getting US$ 90.5 million and the Environmentally Friendly Solution Project II taking US$ 49.28 million.

Funds set-aside for the Small and Micro Industries Leader and Entrepreneur Promotion Project and Environmentally Frie