Financial News from Sri Lanka: The Easter Sunday terrorist attacks threatened public security in Sri Lanka with a huge adverse financial effect on the country’s rapidly increasing tourism industry. As an immediate reaction to the incident, the Government of Japan has agreed to grant Japanese Yen 01 billion (roughly Rs. 1.6 billion) under the non-project grant system of the Japanese Government to provide the required facilities to enhance Sri Lankan Police and Airport and Aviation Services (Sri Lanka) Limited’s capacity for counter-terrorism operations.
Accordingly, the required monitoring and detection facilities will be given by the Government of Japan through the Ministry of Defense and the Ministry of Transport and Civil Aviation to the Sri Lankan Police and Airport and Aviation Services (Sri Lanka) Limited, respectively, to guarantee public safety and the safety of air travelers.
Today, at the Ministry of Finance, the signing of the Exchange of Notes related to the above Grant Aid took place.
Dr. R.H.S. Samaratunga, on behalf of the Government of Sri Lanka and H.E. Secretary, Ministry of Finance. Mr. Akira Sugiyama, Ambassador to the Japanese Embassy in Sri Lanka on behalf of the Japanese Government signed the above-mentioned Note Exchange.