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Disadvantages Of Mcc Agreement Sri Lanka

Disadvantages Of Mcc Agreement Sri Lanka

But since then, the agreement has been frozen. Since the organization traditionally only funds low- and low-middle-income countries, Sri Lanka`s recent middle-income status has jeopardized the eligibility of the MCC grant, unless the agreement is signed before 2020, as the country is not on the organization`s 2020 scorecard. China is cooperating with Derweltmacht and is working with international partners and investors to develop new first-class services that need marketing tools and strategies. Plan to connect East and West by sea, the entry Economic Benefits for Developments Sri Lank is currently in the logic of insufficient traffic and planning and lack of access to land for agriculture If these roads are not valued, it will not compete with the Silk Road. It does not go on hunger strike the country will be in famine when the completion of the Silk Road passes China is a Buddhist country as well is Sri Lanka. The value of the country you can go for development partnership will improve the development of countries. Like the British error, although Gotabaya Rajapaksa said earlier that the GCC agreement would not be signed, he changed his mind after becoming president and made the decision to appoint a panel of experts to review the project. The panel, made up of four experts, presented its final report to the Chair. As reported in the media, the commission`s recommendation was not in favour of signing the agreement.

Immediately after the commission`s announcement, Keheliya Rambukwella, a minister in the Rajapaksa government, announced that the government would not sign the agreement. Mr. Rambukwella`s statement followed another statement by Mr. Bandula Gunawardana, a government spokeswoman; it stated that the GCC agreement would be signed after its unfavourable clauses were removed. Since both agreements are contrary to each other, it is very important that the government clarify what the right statement is. If this is not the case, the people of the country will feel that the government is trying to mislead public opinion and has already committed to signing the agreement. The agreement provides that the projects will benefit about 11 million people over a 20-year period, or about half of Sri Lanka`s total population. But what remains of Sri Lanka, given the breadth of public opinion, with other negotiating options, ministerial advice and the approval stamp of the Attorney General (GA)? The Millennium Challenge Corporation (MCC) Sri Lanka Compact alone would not have raised many eyebrows, except for its open promotion of private enterprises and the reduction of the role of the state, particularly in the area of land management policy. The risk to Sri Lanka could result from the combined exploitation of the three agreements – MCC Sri Lanka Compact, SOFA and ACSA. If that were to happen, there will be no turning back. In the longer term, Sri Lanka might look like one of the territories of the United States, if not its 51st state The main points of contention are: where does the money go and what does this funding mean? In accordance with the draft publicly available agreement, the MCC is providing this grant to address two of the “binding constraints” that Sri Lanka imposes on economic growth: (a) inadequate infrastructure and transport logistics planning and (b) lack of access to land for agriculture, services and industrial investors. Danger to Sri Lanka Sri Lanka needs investment, but it needs its sovereignty, culture, natural flora and fauna and natural beauty even more.

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