Foreign Minister Mangala Samaraweera last week said that Türk Exim Bank will allocate a credit line to the amount of US$ 350 million to the Sri Lankan Government under a Memorandum of Understanding (MoU) to be signed between the two countries in the near future. In his remarks following bilateral talks with Turkish Foreign Minister, Mevlüt Çavuşoğlu who was here on a two day visit Samaraweera said the Turkey International Cooperation Agency has expressed willingness to finance priority projects and capacity building programmes under their grant assistance in accordance with the Sri Lanka Development Framework.
“We have also discussed the possibilities of closer economic cooperation. We are keen that our trade turnover should increase in the coming years. We also want to encourage more Turkish investors to take advantage of the economic opportunities here in Sri Lanka,” he said pointing out that the second meeting of the Sri Lanka-Turkey Joint Committee on Economic and Technical Cooperation will be held soon.
During the Turkish Foreign Minister’s visit, the two countries signed the MoU for Cooperation between the Ministry of Foreign Affairs of Turkey and the Ministry of Foreign Affairs of Sri Lanka on Diplomatic Training, Exchange of Information and Documentation’.
“The present government is rebalancing Sri Lanka’s relations with the international community based on the spirit on openness and also you have come at a time when Sri Lanka is moving forward on a new future based on democratization, reconciliation and development,” Minister Samaraweera said.
It is learnt that Turkey has undertaken a housing project in Mannar and has built 100 houses as a first stage at an estimated cost of USD 300,000 being implemented by the Organisation for Habitation and Resources Development (OHRD).