Dhaka, Friday


29 March 2024


Business Insider Bangladesh

Australia to provide $50mn to support Sri Lanka’s economic recovery

BI Desk || BusinessInsider

Published: 14:16, 20 June 2022  
Australia to provide $50mn to support Sri Lanka’s economic recovery

Photo: Collected

Australia will provide $50 million in Official Development Assistance to support Sri Lanka in meeting urgent food and healthcare needs.

Sri Lanka currently faces its worst economic crisis in seventy years, leading to shortages of food, medicine and fuel, reports Ceylon Today.

“Australia has a close and long-standing relationship with Sri Lanka. Not only do we want to help the people of Sri Lanka in its time of need, there are also deeper consequences for the region if this crisis continues,” the Australian High Commission in Sri Lanka said in a statement.

Australia will contribute an immediate $22 million to the World Food Programme for emergency food assistance to help three million people in Sri Lanka meet their daily nutritional needs.

The country will also provide $23 million in development assistance to Sri Lanka in 2022- 2023 to support health services, and economic recovery, with a strong emphasis on protecting those at risk, especially women and girls.

These contributions are in addition to $5 million recently provided to United Nations agencies for Sri Lanka.

Nagad
Walton