India Becoming Second Largest Donner

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India was the second largest development aid giver to Sri Lanka last year behind China, providing over $700 million to the island nation, according to latest official figures.

This was contained in the Ministry of Finance and Planning’s External Resources Department’s 2012 ‘Global Partnership towards Development’ report issued recently.

The Chinese commitment stood at $1.05 billion. “The total assistance extended by India during the last 5 year period was $1.45 billion of which $1.12 billion was loan assistance and $326 million was grant assistance,” the report said.

The total assistance extended by China during the period between 1971 and 2012 was $5.05 billion of which $4.76 billion, representing around 94 per cent, was extended during the last 8-year period from 2005 to 2012, the report said.

Provision of grant assistance by India has substantially increased during the last few years mainly for social infrastructure development, emergency rehabilitation and reconstruction activities.

The Indian government committed grant assistance of around $260 million for construction of 49,000 housing units in 2012.

In addition, construction of 1,000 pilot houses with grant assistance of $10 million was completed this year.

Rehabilitation of Kankesanthurai harbour in the north at a cost of Rs 2.2 billion and construction of Dickoya hospital in the central hill districts at a cost of Rs 1.2 billion are some of the projects being implemented under Special Development Projects.

 

 

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