MINISTER OF FINANCE VISITS THE UNITED
STATES OF AMERICA
Minister to attend the G-24 Ministers’
Meeting, IMFC, DC and the 2004 Annual Meetings of the Boards of
Governors of the IMF & World Bank in Washington DC
Minister Amunugama to meet Senior US Trade
and Treasury Officials for bilateral discussions
Minister of Finance of Sri Lanka, Hon. Sarath Amunugama, will
visit Washington D.C. from September 29-October 4, 2004. While
in Washington DC, the Minister of Finance will attend the 2004
G-24 Ministers’ Meeting, IMFC, DC and 2004 Annual Meetings
of the Boards of Governors of the IMF and World Bank. The Minister
is scheduled to address the 2004 Annual Meetings of the Boards
of Governors of the IMF and the World Bank on October 3, 2004.
The Minister of Finance is accompanied by Mr. Sunil Mendis, Governor,
Central Bank of Sri Lanka, Mr. Sumith Abeysinghe, Deputy Secretary
to the Treasury, Ministry of Finance, Dr. (Mrs.) Ranee Jayamaha,
Deputy Governor, Central Bank of Sri Lanka, Mr. P.D. Rodrigo,
Appointed Member, Monetary Board of the Central Bank of Sri Lanka,
Mr. R.A. Jayatissa, Assistant to the Governor, Central Bank of
Sri Lanka, Dr. Uthum Herat, Alternate Executive Director, International
Monetary Fund and Dr. H.N. Thenuwara, Director of Economic Research,
Central Bank of Sri Lanka.
Ambassador Devinda R. Subasinghe, Sri Lanka’s Ambassador
to the United States will also join the Minister in the bilateral
and multilateral discussions.
During the visit, Minister Amunugama will also meet with Senior
Officials of the United States Trade Representative (USTR), the
Department of Treasury and the Millennium Challenge Corporation
to discuss bilateral cooperation in the areas of economic development
and development financing.
Minister Amunugama will meet with the United States Trade Representative
(USTR) and the Deputy USTR to apprise them of the economic policies
of the Government and, to discuss matters related to further broadening
and deepening the US-Sri Lanka bilateral economic relationship.
The Minister’s meeting follows the Trade, Commerce and Consumer
Affairs Minister’s meeting with the USTR in June 2004 and
also precedes the Fourth Ministerial meeting of the Joint Council
under the Trade and Investment Agreement (TIFA ) scheduled for
The Finance Minister’s discussions with Deputy Secretary
of the Treasury will be within the framework of the ongoing US
Treasury technical assistance programs in Sri Lanka. These include
programs on budget formulation and debt management.
The Minister of Finance, in his capacity as one of the Co-chairs
of the Inter-Ministerial Steering Committee established for the
Millennium Challenge Account (MCA) process in Sri Lanka, will
also meet with the Chief Executive Officer of the Millennium Challenge
Corporation (MCC) to discuss aspects related to formulation of
Sri Lanka’s MCA Compact and issues related to poverty reduction
and rural sector development envisaged in the Compact. Announced
by President Bush in May 2004, Sri Lanka was among the first 16
countries that qualified for MCA assistance for FY2004. Subsequently,
Sri Lanka also became eligible for assistance in FY2005.
The visit of Minister Amunugama is part of an ongoing process
of high level consultations between Sri Lanka and the US on economic
development and development financing within the rubric of a widening
bilateral economic and political partnership. The Minister’s
meetings and discussions in Washington D.C. acquire a special
significance as they include both multilateral and bilateral meetings
with Washington being the political capital and home to two large
multilateral financial institutions, the IMF and the World Bank.
Embassy of Sri Lanka
29 September 2004