Pledges not the issue, getting the money is

The donor parley meeting in Kandy on May 16-17 will be sweet talked to cough up the remainder of the US$ 2 bn in aid pledged in the aftermath of the December tsunami. The donor parley meeting in Kandy on May 16-17 will be sweet talked to cough up the remainder of the US$ 2 bn in aid pledged in the aftermath of the December tsunami. The state will also look to convince donors that they should sponsor US$ 1 bn for budgeted infrastructure projects for 2005 while also pitching for support its development strategy up to 2010.

Treasury Secretary P B Jayasundera on Thursday said “we do not see any funding risk over the next three to five years.”

Jayasundera however added that the Kandy Development Forum was not about increasing donor pledges but to tie available pledges to specific projects while winning their support for its mid term development agenda.

The World Bank on Tuesday said that excluding debt relief over US$ 2 bn had been committed by the international community since December 2004, of which about one half consist of private donations.

The remainder of the funds the bank said the timing and size of actual assistance is still uncertain.