The Organization of the Petroleum Exporting Countries (OPEC) has signed a 40 million U.S. dollar loan agreement with Sri Lanka to develop roads, according to a posting of the government website Thursday. Director-General of the OPEC Fund for International Development (OFID) Suleiman Jasir Al-Herbish and the Secretary to the Treasury Dr. P. B. Jayasundara signed the agreement in the presence of President Mahinda Rajapaksa, it said. Jasir Al-Herbish commended Sri Lanka's impressive progress especially with regard to three of the Millennium Development Goals -- education, children and health during his meeting with Minister of External Affairs G. L. Peiris. Peiris expressed appreciation for the substantial contribution already made by the OFID to the country through support for projects like the National Highways Sector Project and the Kalu Ganga Development Project. He also referred to excellent work done under OFID co-financed projects in Sri Lanka. A good example is provided by community projects co-financed by the government and the Asian Development Bank, it added. Jasir Al-Herbish also briefed Peiris on innovative work being done by his organization in the field of energy. The aim of these initiatives, he explained, is to bring energy within the reach of the less advantaged, to facilitate their social advancement.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor