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Treasury Secretary Dr. P B Jayasundera Thursday said Sri Lanka was expecting some US$ 1.5 billion annually in donor commitments over the next three to five years. The international community has so far pledged support at the rate of US$ 1 billion annually prior to the tsunami, while the December devastation itself attracted an estimated US$ 2 billion in funding support for 2005.
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The coalition Freedom Alliance government will lay out its growth strategies at its mid May development forum where it expects international donors to pledge support for the next three to five years.
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Dr. Jayasundera said the government will not be negotiating for credit lines or assistance at the forum, but would only be discussing its growth strategies leaving the donor to decide how they would support the government’s plans.
The treasury secretary however said Sri Lanka needs rapid infrastructure development aid and not livelihood assistance from the donor community.
Infrastructure spending is expected to