US devalues Lanka by cutting aid


The United States has pruned down International Military Education and Training (IMET) assistance to Sri Lanka. The budgetary allocation which remained at US$ 690,000 in 2012 has been reduced to US$ 626,000 for 2014.

This reduction is one of the highlights for Sri Lanka in the Executive Budget Summary (Function 150 & other international programmes) for the fiscal year 2014. It was presented by Secretary of State John Kerry to the Congress this week.

The US has also reduced Foreign Military Finance to Sri Lanka from US $ 500,000 in 2012 to US $ 450,000 in 2014. US development assistance to Sri Lanka which stood at US$ 800,000 has been pruned down to US$ 600,000 for 2014. However, the US has retained at the same level of US$ 720,000 for 2014 the aid for International Narcotics Control and Law enforcement.

In his message to Congress that accompanied the Budget, Secretary of State John Kerry noted that “foreign assistance is not charity or a favour we do for other nations. It is a strategic imperative for America.”

Secretary Kerry began his message with a quote from Vice President Joe Biden who was his colleague at the Senate Foreign Relations Committee. He said Biden had noted “Don’t tell me what you value – show me your budget, and I’ll tell you what you value.”