July 17, 2022
1 min read

G7 vows US$ 14 billion aid for crisis-hit Lanka

Sri Lanka’s average paddy production which is usually 24 million metric tonnes reduced to 16 million metric tonnes in 2021…reports Asian Lite News

Sri Lankan acting President Ranil Wickremesinghe has revealed that the G7 alliance on global food crisis has offered the country US$ 14 billion aid to spend on food.

During an international conference on food security, acting President Wickremesinghe said, “The G7 global alliance on food security of which World Bank is also a member had offered us US$14 billion to acquire food. We are grateful to them. The government has also embarked on a good security programme.”

Sri Lanka’s average paddy production which is usually 24 million metric tonnes reduced to 16 million metric tonnes in 2021, due to which it will have to import one third of its need for rice but the exchange rate crisis prevents this, Daily Mirror reported quoting the acting President.

He said high inflation has put food out of reach of people.

Claiming that war in Ukriane and sanctions imposed by EU are affecting Sri Lanka, he called for resolving the issues between the warring nations peacefully.

ALSO READ: Lanka to implement urgent food, fuel relief programme

Previous Story

Your lawyers are causing trouble, Musk warns Parag Agrawal

Next Story

Pak PM Shehbaz has a warning for public ahead of by-polls

Latest from -Top News

Uganda’s President Museveni to seek reelection

The upcoming general elections will not only determine the presidency but also see voters elect lawmakers to the national assembly Uganda’s President Yoweri Museveni is set to seek reelection for another term

Eritrea seeks to end UN probe into abuses

The mandate in question is held by the Special Rapporteur, a position currently occupied by Sudanese human rights lawyer Mohamed Abdelsalam Babiker In a rare and potentially precedent-setting move, Eritrea is attempting

Alps Turn to ‘Swiss Cheese’

Switzerland’s reliance on glacial runoff for hydroelectric power faces growing risk — as glaciers shrink, short-term water flow may rise, but long-term shortages could threaten energy and water supplies. Switzerland’s glaciers —

Burn Notice for Europe

As summer unfolds, Europe is bracing for what may be the first of many extreme heatwaves. Europe braced for its first major heatwave of the northern hemisphere summer on Saturday, with soaring
Go toTop

Don't Miss

Lanka sets up committee to oversee utilisation of IMF funds

The committee will ensure that the IMF’s conditions are implemented

Lanka grants over 100 EV import permits to migrant workers

The scheme allows the importing of electric cars, motorcycles, and