What Is The Mcc Agreement In Sri Lanka

Two major arguments have been made against this agreement. The first is that the land project means that the country owned by the Sri Lankan government will be available to the U.S. government for purchase. The report was delivered to Prime Minister Mahinda Rajapaksa`s office on Thursday, after which the decision not to sign the agreement was made, he said. Asked whether the government would reconsider two other agreements with the U.S. government – the Status of Forces Agreement (SOFA) and the Acquisition and Cross Services Agreement (ACSA) – said the government would not reverse the agreements already signed. 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. Published by the Ministry of Finance, Sri Lanka: treasury.gov.lk/article/-/article-viewer-portlet/render/view/mcc-agreement-drafted-with-the-consent-of-ag Some politicians and civil society groups have linked the proposed pact to the MCC to other more open security agreements, such as the U.S. Agreement on the Status of the Armed Forces, which sets the framework for the U.S. military, to enter Sri Lanka, and which some critics have seen as an attempt to create a U.S.

military base or even a possible base in the country. U.S. officials called the claim “blatant misinformation.” On the recommendation of the special commission, headed by Professor Lalithsiri Gunaruwan of the University of Colombo, the government decided to “reject the agreement unconditionally”. Indeed, Sri Lanka is often cited as a case study of debt trap diplomacy in the region and it is legitimate to argue that the government should be vigilant in reviewing the terms of future development agreements.

Comments are closed.