High-Level US Treasury Dept & State Dept delegation in Sri Lanka

High-Level US Treasury Dept & State Dept delegation in Sri Lanka

High-Level US Treasury Dept & State Dept delegation in Sri Lanka

Written by Zulfick Farzan

26 Jun, 2022 | 6:50 am

COLOMBO (News 1st); A high-level delegation representing the U.S. Department of the Treasury and the U.S. Department of State arrived in Sri Lanka on Sunday (26), and they will remain in the country until the 29th of June.

The delegation consisted of Ambassador Kelly Keiderling, Deputy Assistant Secretary/US Department of State, Mr. Robert Kaproth, Deputy Assistant Secretary/US Treasury, Mr. John McDaniel, Economic Chief/US Department of State and Ms. Catherine Reynolds, Deputy Director for South Asia/US Treasury.

The delegation will be meeting the President, Prime Minister, Governor of Central Bank, Secretary to the Treasury.

This visit is undertaken against the backdrop of Ambassador Samarasinghe’s meeting with US President Joe Biden at the White House Oval Office last week and his subsequent meeting with US Secretary of State Antony Blinken at the State Department.

Ambassador Samarasinghe briefed President Joe Biden and Secretary of State Antony Blinken on the surmountable economic challenges faced by the people of Sri Lanka.

The delegation will meet with a wide range of political representatives, economists, and international organizations. In all their meetings, they will explore the most effective ways for the U.S. to support Sri Lankans in need, Sri Lankans working to resolve the current economic crisis, and Sri Lankans planning for a sustainable and inclusive economy for the future.

“This visit underscores our ongoing commitment to the security and prosperity of the Sri Lankan people,” said U.S. Ambassador to Sri Lanka, Julie Chung. “As Sri Lankans endure some of the greatest economic challenges in their history, our efforts to support economic growth and strengthen democratic institutions have never been more critical.”

Over the past two weeks, the U.S. has announced $120 million in new financing for Sri Lankan small and medium-sized businesses, a $27 million contribution to Sri Lanka’s dairy industry and $5.75 million in humanitarian assistance to help those hit hardest by the economic crisis.

The United States also committed $6 million in new grants to provide livelihood assistance to vulnerable populations, and technical assistance on financial reform that will help stabilize the economy. In the coming months, the U.S. will continue to support Sri Lankans as they revive their economy, combat food insecurity, and promote public health and education. The United States also strongly supports Sri Lanka’s decision to seek assistance from the International Monetary Fund, which can provide the most durable resolution to the present crisis.

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