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| Friday, 5 November 2004 |
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Today's Top Stories | NEWS | |
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Lanka first recipient of funds under new scheme: Rs.25 billion from Japan for three development projects by Manjula Fernando Sri Lanka will receive the first preferential loan of Rs.25 billion
from Japan under a new scheme dedicated to promoting world peace. This
'highly concessionary' loan which comes with a 10 year grace period and a
40 year repayment period at an annual interest of 0.75 per cent will cover
three development projects to be implemented under the government's
economic development initiatives. President meets Indian PM, FM, Sonia : India enhances credit line The Indian Government has agreed to further enhance the existing Indian
credit line to Sri Lanka and the new credit of US$ 100 million would be
channelled to rural development, the President's Office announced
yesterday. Indian leaders have made this gesture following talks with
President Chandrika Bandaranaike Kumaratunga, who is on an official visit
there. There is an 'Oslo Declaration'- GL Prof. G.L. Peiris, National List UNP MP told a media conference in
Colombo that both he and LTTE Theoretician Anton Balasingham were the
signatories to the Federal System of Government, the highlight of the
second document prepared by the Norwegian Government, Rupavahini quoted
him last night. Other Stories |
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