ECONOMYNEXT – Japan will give a grant of 200 million yen (about 435 million rupees) to upgrade fisheries infrastructure in the North and Eastern provinces in Sri Lanka, a government statement said.
Japan will give tractors with deep freezer to the Department of Fisheries and Aquatic Resources, ice production machines and digital scales to the Ceylon Fisheries Harbour Corporation and nets to the National Aquaculture Development Authority.
The cabinet of Ministers have given approval for President Ranil Wickremesinghe to sign the documents.
Japan has given grants for a series of project grants and humanitarian assistance after Sri Lanka defaulted on its foreign debt in 2022.
Japanese loan projects were halted after the default, as state lending agencies cannot give more debt to distressed countries, under Japanese rules.(Colombo/October25/23)