ECONOMYNEXT – Sri Lanka Cabinet has approved a proposal to establish the ‘Rebuilding Sri Lanka’ Fund, aimed at rebuilding the country following the severe devastation caused by Cyclone ‘Ditwah’, the government said. The cost of the damage due to the disaster, which is one of the worst natural disasters in Sri Lanka’s recent history, is yet to be know. However, some analysts estimate it much more than the rebuilding cost spent after Tsunami devastation in 2004. The Fund is to be established as a statutory fund under the Presidential Secretariat and its Management Committee will comprise representatives from both the…
Sri Lanka establishes rebuilding fund after Cyclone Ditwah-hit disaster
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