SL inks EUR 11M technical assistance grant agreement with Germany
June 10, 2020 03:17 pm
The Government of Sri Lanka signed an agreement with the Government of Germany today (10) to obtain a technical assistance grant of Euro 11 million to implement three projects.
• Vocational Training in Sri Lanka (Euro 7 million) – This project aims at providing demand-oriented cooperative vocational training for young people.
• Small & Medium-sized Enterprises (SME) Sector Development in Sri Lanka (Euro 3.5 million) – This program aims at removing major obstacles to the global competitiveness of Sri Lankan SMEs
• Study and Expert Fund (Euro 0.5 million) – This fund is utilized to finance preparation of new projects, to fund small-scale projects and for financing German experts
The aforementioned projects will be implemented by GIZ of the German Government.
