This payment has been made through a loan taken from a foreign bank.
On May 08, 2018, the relevant amount had been paid to the foreign supplier for the animals to be imported in 2018, 2019 and 2020.
Although 2500 cows were to be imported in 2018, no cow has been brought to Sri Lanka, yet.
In addition, 7500 animals in 2019 and 5,000 in 2020 are to be imported and will cost US $ 55,465,541.
20% of the amount, as an advance payment, was paid by the Ministry of Rural Economic Affairs. However, allocations have not been made by the appropriation bill for this expenditure.
The loan and interest are being paid and the losses incurred due to devaluation of foreign exchange are to be borne by the Government of Sri Lanka, though no cow has been imported to the island.
The government's money is being used by a foreign supplier without supplying due services.
At that time, the subject minister was P. Harrison. When contacted him he stated that,
"During the time of Minister Basil Rajapaksa milw cows were imported to state farms. The agreements were signed to bring milk cows to private farms under the second stage. Anyways, the project has been stopped, by now. '
Source - Aruna