Millennium Challenge Corp. committed to advancing Sri Lanka compact: New CEO

MCC

July 08, 2019 (LBO) – New CEO of the Millennium Challenge Corporation, Sean Cairncross says that they are committed to advancing the proposed 480 million dollars compact that the two governments have jointly developed to address major constraints in the Sri Lankan economy related to transport and land administration.

Sending a letter to Sri Lanka’s Prime Minister Ranil Wickremesinghe after the new appointment, Cairncross said that they are eager for the compact to move forward in a timely manner at this crucial stage.

“I am pleased to greet you as the Chief Executive Officer of the Millennium Challenge Corporation,” Cairncross said.

“I look forward to your continued leadership to advance our shared goal of promoting growth and reducing poverty for the Sri Lankan people.”

Sean Stuart Cairncross was President Donald Trump’s nominee to the Chief Executive Officer of the Millennium Challenge Corporation, a former senior adviser to President Trump.

Sri Lanka’s premier business chamber, however, recently requested the Government to clarify the exact position with regards to the current status of the proposed Status of Forces Agreement (SOFA), and the Millennium Challenge Corporation (MCC) agreement.

The Ceylon Chamber said a commitment to transparency by all parties will ensure a fair and balanced discussion among relevant stakeholders on the merits of Sri Lanka moving forward with these agreements.

Related: Ceylon Chamber calls for more transparency on SOFA & MCC

Press-Release-08-July-2019-2