SL Fin­land sign fi­nan­cial as­sis­tance agree­ment

Daily Mirror (Sri Lanka) - - NEWS -

Sri Lanka and Fin­land yes­ter­day signed an agree­ment un­der which the lat­ter would pro­vide fi­nan­cial as­sis­tance to Sri Lanka on con­ces­sion­ary terms, the Prime Min­is­ter’s of­fice said.

The agree­ment was signed by Sec­re­tary Min­istry of Fi­nance Dr. A. S. H. Sa­ma­ratunge on be­half of Sri Lanka and Direc­tor Gen­eral Fin­nish For­eign Af­fairs Min­istry Satu San­tala.

It was re­ported that Fin­land is set to as­sist Sri Lanka in var­i­ous sec­tors in­clud­ing en­ergy, IT and ed­u­ca­tion.

Ac­cord­ingly both coun­tries will sign a trans­fer of dig­i­tal tech­nol­ogy agree­ment in Novem­ber this year.

It was re­ported ear­lier that AW En­ergy Ltd., a lead­ing Fin­nish power gen­er­a­tion com­pany, had ex­pressed in­ter­est to as­sist Sri Lanka to set up a wave en­ergy plant to gen­er­ate power from sea waves, it said.

AW En­ergy Ltd. CEO John Li­jelund had in­formed the vis­it­ing Sri Lankan del­e­ga­tion led by Prime Min­is­ter Ranil Wick­remesinghe that his com­pany was ready to as­sist Sri Lanka to set up such a power plant. He said his com­pany was ready to set up the power plant this year. Prime Min­is­ter Wick­remesinghe who held a joint me­dia briefing with his Fin­nish coun­ter­part Juha Sip­ila said Sri Lanka and Fin­land man­aged to make some key de­ci­sions un­der which the lat­ter will as­sist Sri Lanka in var­i­ous sec­tors.

“We have made sev­eral key de­ci­sions and ac­cord­ingly Fin­land will as­sist Sri Lankan in sev­eral sec­tors in­clud­ing en­ergy sec­tor and ed­u­ca­tion. We have gained valu­able knowl­edge on Fin­nish ex­pe­ri­ence in com­pil­ing a new con­sti­tu­tion,” he said.

He also in­vited his Fin­nish coun­ter­part Juha Sip­ila to visit Sri Lanka.

“Both coun­tries have been able to en­hance bi­lat­eral ties at a time Fin­land cel­e­brates 100 years of free­dom and Sri Lanka 70 years of par­lia­men­tary democ­racy,” he added.

Prime Min­is­ter Ranil Wick­remesinghe ex­pressed his grat­i­tude to Fin­land for agree­ing to pro­vide fi­nan­cial as­sis­tance to Sri Lankan un­der con­ces­sion­ary terms.

Juha Sip­ila said his Sri Lankan coun­ter­part’s visit to Fin­land would be a his­tor­i­cal one as ties be­tween the two coun­tries has been en­hanced as a re­sult of it.

A Fin­nish source said that the Fin­nish In­dus­trial Fed­er­a­tion mem­bers had ex­pressed in­ter­ests in in­vest­ing in Sri Lanka.

This was re­vealed at a dis­cus­sion, which the Sri Lankan del­e­ga­tion had with the Fed­er­a­tion by a Fin­nish in­dus­tri­al­ist Kari Hi­eta­nen.

We have made sev­eral key de­ci­sions and ac­cord­ingly Fin­land will as­sist Sri Lankan in sev­eral sec­tors in­clud­ing en­ergy sec­tor and ed­u­ca­tion Both coun­tries have been able to en­hance bi­lat­eral ties at a time Fin­land cel­e­brates 100 years of free­dom and Sri Lanka 70 years of par­lia­men­tary democ­racy

Sign­ing of the agree­ment

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