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Asian Tribune is published by World Institute For Asian Studies|Powered by WIAS Vol. 12 No. 2401

US Tsunami aid to Sri Lanka for 2005 tops $135 million

[b]US Tsunami aid to Sri Lanka for 2005 tops $135 million[/b]

Daya Gamage – US National Correspondent to Asian Tribune

[b]Washington D.C. 31 December (Asiantribune.com):[/b] The United States government has provided $134.6 million in 2005 in assistance to communities in Sri Lanka for relief and reconstruction efforts, economic assistance to restore livelihood, toward infrastructure projects and technical assistance to mitigate the effects of the tsunami devastation, it was announced here by America’s official overseas economic assistance arm the United States Agency for International Development (USAID).

While noting that U.S. assistance program in Sri Lanka have addressed a broad range of needs, USAID said that it has funded cash-for-work programs, on-the-job training and small loans which the agency noted that more than 43,630 people have received assistance through economic restoration projects and 17,500 have benefited from small business and livelihood grants.

According to estimates from the Asian Development Bank, Sri Lanka suffered $1 billion in overall damage and losses equivalent to 4 percent of its gross domestic product (GDP) due to December 2004 tsunami. USAID has helped Sri Lanka participate in trade shows and mount advertising campaigns in Europe to help revitalize tourism, an important segment of the economy.

http://www.asiantribune.com/show_news.php?id=16615

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