SL Finland sign financial assistance agreement
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