Sri Lanka is now looking for the possibility of renegotiating the US$ 480 Millennium Challenge Corporation (MCC) compact which was discontinued by the MCC board of directors on December 2020 following the opposition of SL ruling party.
Frontline envoy of MCC will be visiting Sri Lanka to restart negotiations and future arrangements to resume activities relating to the proposed MCC.
There is renewed interest for the government to reopen the country for donor agencies following the sacking of two firebrand ministers Wimal Weerawansa and Udya Gammanpila strong opponents of the United States, informed sources said.
Meanwhile, Reuters news agency quoting three unnamed sources earlier reported that SriLanka would seek IMF help for debt restructuring and managing Forex crunch.
