Pledge Is A Pledge

Donors are expected to offer substantial support at a key aid meeting in Japan despite a lukewarm response from the LTTE.
The donor conference in Tokyo will look at the aid requirement for the whole country with most of the monies offered to projects and programs in South of the country.rn

rnThe government is expecting to attract around US$ 3bn over the next three years. The countrys larger bilateral and multilateral donors have already pledged close to 70% of the US$ 3bn expected in aid.rn

rnEconomists say most of the monies already pledged have been earmarked as loans linked to reforms.rn

rnOfficials say about 20% to 30% of the money was expected to go towards rehabilitation and reconstruction of the north and east.rn

rnAccording to a lquote needs assessment prepared by the donors, the funding requirement has been estimated at US$ 1.48bn on a base scenario over the next six years.

An alternative augmented scenario envisages a funding requirement of US$ 1.93bn over the same six year period.