Sri Lanka not to sign MCC agreement with the US without parliamentary approval

The Sri Lankan government has decided not sign the MCC agreement with the US without Parliamentary approval after a special panel appointed by President Gotabaya Rajapaksa found the deal could open the island nation to security threats and undermine its sovereignty. Under the agreement, the MCC, a bilateral United States foreign aid agency which partners with developing countries, would grant Sri Lanka USD 480 million to upgrade its transportation infrastructure and improve land management system.

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The coronavirus pandemic continued to drop in much of Asia on Saturday even as the outbreak surged in Latin America, as the world grappled with balancing the urge to restart economies with fears about health risks. from IndiaTV World: Google News Feed https://ift.tt/2yrSBop

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