48 countries to help in Lanka's rebuilding efforts

 
Forty-eight nations at Tuesday's pledging conference in Geneva have pledged their assistance to the Government towards its rebuilding efforts to restore the lives of the people displaced by the tsunami tidal wave catastrophe.

Finance and Planning Minister Dr. Sarath Amunugama who represented the Government at this pledging conference, told the Daily News that a large number of donor countries and financial organisations agreed to write off their loans to Sri Lanka.
All pledging nations and financial organisations praised the Government's prompt action to face this sudden natural disaster by providing immediate relief measures to the affected, the Minister said.
Nearly 70 nations participated in this pledging conference including Japan, Germany, United Kingdom, Sweden, Norway, Canada, China, US, Australia, Denmark and Finland.

 The Heads of the World Bank, Asian Development Bank and International Monetary Fund also attended the conference chaired by United Nations Secretary General Kofi Annan. Dr. Amunugama said: "The nations also stated that among all tsunami affected countries, Sri Lanka is leading in the rebuilding exercise due to immediate measures taken by the Government on President Chandrika Bandaranaike Kumaratunga's directive. As a result, no famine or death from infectious disease has been reported in Sri Lanka."
Meanwhile, the World Bank and IMF have stated that they could immediately respond and provide assistance to Sri Lanka as a result of the systematic plan formulated by the Government to face this sudden disaster, the Minister said.
Referring to Dr. Amunugama's speech at this pledging conference, the nations and the monetary organisations have pledged to provide more assistance to the Government towards its rebuilding exercise.

 
 
 
  Among all tsunami affected countries, Sri Lanka was the first which immediately communicated this disaster to the IMF seeking their assistance. Following prompt action by the Treasury Secretary Dr. P.B. Jayasundara, the IMF pledged immediate assistance to the Government, the Minister said.