The US Embassy in Colombo confirmed that no MCC grant monies were ever transferred to or spent by the US Government under the current $480 million grant.

"Funds for preparatory activities have been canceled or indefinitely postponed, pending the Government’s decision whether to proceed with the grant," the Embassy said in a tweet.

However, the review committee appointed by President Gotabhaya Rajaaksa to examine the report said USD 10 million has already been transferred to the previous government under the MCC agreement.