TestCloud
Prep • Practice • Perform
Log In

India to provide Rs 2,371 million in funding for development projects in Sri Lanka.

International | Dated: 31 Dec 2024

In December 2024, India will provide Rs 2,371 million to Sri Lanka for 33 development projects in the sectors of education, health, and agriculture in the eastern province.

🎯 Key Highlights:

  • - Nalinda Jayathissa, the Cabinet Spokesman and Health Minister of Sri Lanka, announced that the Sri Lankan government has approved a proposal to sign a Memorandum of Understanding (MoU) to strengthen bilateral ties and promote socio-economic growth between India and Sri Lanka.

💡 Other Important Facts:

  • (i) Under the agreement, India will provide financial assistance of Rs 620 million for agriculture, Rs 780 million for health, and Rs 315 million for education, supporting comprehensive development across these critical sectors.
  • (ii) These projects are focused on improving infrastructure, promoting growth, and empowering local communities.

📚 Test Your Knowledge:

How much funding is India providing for development projects in Sri Lanka recently?

Correct Answer: 2,371 million

🚀 Quick Recap:

About Sri Lanka

  • President: Anura Kumara Dissanayake
  • Prime minister: Harini Amarasuriya