Tsunami disbursements are considered higher than usual aid disbursement

Sri Lanka’s Ministry of Finance says 25 percent of international grants and 10 percent of international loan commitments for tsunami reconstruction, over 3 years, has already been disbursed. Sri Lanka’s Ministry of Finance says 25 percent of international grants and 10 percent of international loan commitments for tsunami reconstruction, over 3 years, has already been disbursed. Sri Lanka received international grant commitments of up to US$ 1,562.9 million up to September, for tsunami reconstruction over the next 3 years, said Director General of State Accounts, P A Pematilake, on Friday.

The island has already disbursed around 25 percent of the grant aid, coming to US$ 393.76 million.

Tsunami rehabilitation commitments, in the form of loans, add up to US$ 700.3 million and have seen a lower 10 percent disbursement of US$ 67.66 million.

Traditionally the island has seen between 15 percent to 20 percent aid disbursement.

Meanwhile on Friday, Sri Lanka extended a Japanese assistance package for tsunami rebuilding to continue to utilise the funds for tsunami reconstruction in 2006.

The Japanese tsunami aid included US$ 80 million in grant form and another US$ 100 m