Agriculture and Agri-Tech Economy & Growth

Sri Lanka, European Union sign 8mn euro grant agreement

Sri Lanka has signed an 8 million euro grant agreement with the European Union (EU) to develop environmentally responsible agricultural practices in the rubber sector.

The initiative will support Sri Lanka’s transition “to more sustainable and environmentally responsible agricultural practices in selected value chains of rubber sector with special attention to youth and women,” the finance ministry said in a statement.

The grant, under “the AgriGreen Initiative – Green Economic Growth through Sustainable Agriculture Practices” Project, will support a project developed by the Ministry of Plantation and Community Infrastructure as lead-Ministry, Rubber Development Department and Rubber Research Institute of Sri Lanka, in partnership with the EU.

Secretary to the Ministry of Finance Harshana Suriyapperuma, and Head of Cooperation, Delegation of the European Union to Sri Lanka Johann H Hesse signed the agreement.

Source: Economy Next