«This agreement was drafted by the UNP (United National Party) according to their whims, without taking into account the interests of the country. We warned during the elections.. Gunawardena said. On the recommendation of the special committee chaired by Professor Lalithsiri Gunaruwan of the University of Colombo, the government decided to «unconditionally reject» the agreement. The second argument is that the MCC agreement is an attempt to undermine Sri Lanka`s national security. Although both requests were rejected by Jenner Edelman, MCC`s Resident Country Director, a whiff of mistrust remains. Where is the MCC going in 2020? Devex asks CEO Sean Cairncross what the agency will focus on and what he has learned in his first six months of work. Other concerns regarding the construction of a physical economic corridor, links to the SOFA and ACSA agreements, the acquisition of Sri Lankan land by the US government, undervalued land deals, the establishment of US settlements and/or military bases, the construction of electric fences and the destruction of the local environment were also confirmed as unfounded in the review of the agreement. Two main arguments have been put forward against this agreement. The first is that the land project will mean that land owned by the Sri Lankan government will be available for purchase by the US government. Even after the signing of the agreement, Sri Lanka still has the possibility to amend the agreement, provided that these changes do not exceed the support allocation or extend the subsidy period by five years. While it is important for Sri Lanka to consider all the implications related to the implementation of the MCC Pact, it is equally important to consider the benefits that could be lost if the government continued to postpone approval of the agreement.

Asked if the government would reconsider two other agreements signed with the U.S. government — the Status of Forces Agreement (SOFA) and the Acquisition and Cross-Services Agreement (ACSA) — Gunawardena said the government would not cancel any agreements already signed. The report was submitted to cabinet on Thursday by Prime Minister Mahinda Rajapaksa, after which the decision was made not to sign the agreement, he said. Late last month, in a major breakthrough, Sri Lanka`s Cabinet of Ministers approved the implementation of the Millennium Challenge Corporation`s (MCC) $480 million grant and released the final draft grant agreement for public review. However, after reviewing publicly available information resources, the MCC grant does not involve a lease or transfer of ownership of Sri Lankan land and does not require Sri Lanka to repay the grant amounts, unless the agreement is expressly violated. In recent months, China has made significant and highly visible efforts to support Sri Lanka`s – and many other countries` – response to the COVID-19 pandemic, including a $500 million concessional loan agreement signed in March. The deal has indeed been the subject of heated debates and political disputes in recent months, with the president refusing to approve the deal before the end of his term, with a fundamental rights petition against the signing of the deal being submitted to the Supreme Court, and even staging a protest almost earlier this week. Indeed, Sri Lanka is often cited as a case study of debt-trap diplomacy in the region, and the argument that the government should be vigilant in considering the terms of future development agreements is justified. This is a standard guarantee characteristic of international aid agreements that ensure that grant money is used exclusively to achieve the objectives of the Pact and does not fall into the wrong hands. 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 Colombo, February 29 (IANS) The Sri Lankan government has decided not to sign the Millennium Challenge Society`s (MCC) $480 million agreement with the United States, taking into account the recommendations of a committee that noted that some of its characteristics affect the national security and well-being of the In C`es t what we are opposed to.

it has been reported.. .