Our side of the story on MCC and theirs are two ends, former CBSL Governor delivers special statement (VIDEO)

Our side of the story on MCC and theirs are two ends, former CBSL Governor delivers special statement (VIDEO)

2 July 2020 10:18 am

The talks on MCC during the Mahinda Rajapaksa government in 2005 and the Good Governance government in 2018 are entirely different from each other, former CBSL governor and Economic Adviser to Prime Minister Ajith Nivard Cabraal said. 

He made this observation as a person who had joined the discussions involving the MCC in 2005.

The discussions they had on the grant had focused on most favourable subject areas to the country, including irrigation development, road development and the upliftment of small and medium scale entrepreneurs, and no harmful areas such as land reforms were addressed, he revealed, adding that the Committee report suggests that such harmful subject areas in fact were addressed during the Good Governance government.

Although the procedure of the Good Governance government had levelled as above, no legal agreements were made during Mr. Mahinda Rajapaksa's government on the MCC grant, neither were conditions applied, he added. 

This has also been confirmed by former US Ambassador Robert O' Blake given observations to the WikiLeaks messages, the former CBSL governor further pointed out. 

"I had joined many discussions involving agreements affecting the country. The discussions were carried out to receive US$ 2.6 billion to Sri Lanka in compliance with the talks with the International Monetary Fund. I was there at the discussions. I have worked on many discussions. No agreements were ever made on anything harmful to Sri Lanka during the talks involving MCC, neither were conditions negatively affecting Sri Lanka."

That being said, it is time to consider whether the it is advisable to enter into the compact by removing the harmful content that were included in the MCC grant during the Good Governance period.