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Sri Lanka Equity Forum » Stock Market Talk » US plans to cut its economic assistance to Sri Lanka by 100%

US plans to cut its economic assistance to Sri Lanka by 100%

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Miss-Sangeetha

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Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
US Foreign Policy provided a glimpse of US President Donald Trump's ambitious plans to slash State Department and USAID funding by over $10 billion. Sri Lanka facing, 100% reduction in USAID. US Foreign Policy magazine  reported  citing a state Department document that the US plans to cut its economic assistance to Sri Lanka by 100% in year 2018.

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Is it only for Sri Lanka or all the countries funded by USAID?

Miss-Sangeetha

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Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@worthiness wrote:Is it only for Sri Lanka or all the countries funded by USAID?



List of countries including Sri Lanka, refer page 8 of 15 that is 100% cut in economic support fund see the link below
http://neo-assets.s3.amazonaws.com/news/FY18-Budget-Control-Levels.pdf

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Miss-Sangeetha wrote:
@worthiness wrote:Is it only for Sri Lanka or all the countries funded by USAID?



List of countries including Sri Lanka, refer page 8 of 15 that is 100% cut in economic support fund see the link below
http://neo-assets.s3.amazonaws.com/news/FY18-Budget-Control-Levels.pdf


38 Millions USD

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
US$38m is a substantial amount for any debt/cash trapped economy.

reyaz

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Manager - Equity Analytics
Manager - Equity Analytics
They are dependent on China now! How are thay going to have money to give aid to anybody?

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