US Embassy Confirms No Money Was Ever Transferred Or Spent By US Government Under USD 480 Million MCC Agreement

The US Embassy in Colombo confirmed that no MCC grant monies were ever transferred to or spent by the US Government under the current $480 million grant.

"Funds for preparatory activities have been canceled or indefinitely postponed, pending the Government’s decision whether to proceed with the grant," the Embassy said in a tweet.

However, the review committee appointed by President Gotabhaya Rajaaksa to examine the report said USD 10 million has already been transferred to the previous government under the MCC agreement.

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