The Millennium Challenge Corporation of the US Government has approved a grant of USD 480 million to Sri Lanka at its board meeting held on the 25th of April 2019 in Washington D.C. subject to Congressional Notification.On the request of the Hon. Prime Minister Ranil Wickremesinghe, the MCC has done an evaluation in terms of their investment criteria and selected Sri Lanka as a qualified country to receive grant funding under their Compact Investment Program.