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    Home Executive Director of WFP to visit Sri Lanka amid looming food shortage
    Economy

    Executive Director of WFP to visit Sri Lanka amid looming food shortage

    InvestPolicyBy InvestPolicyJune 11, 2022Updated:June 12, 2022No Comments4 Mins Read
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    David Beasley, Executive Director at the United Nations World Food Programme (WFP) to visit Sri Lanka after accepting the invitation of Prime Minister Ranil Wickremesinghe

    David Beasley, Executive Director at the United Nations World Food Programme (WFP) to visit Sri Lanka after accepting the invitation of Prime Minister Ranil Wickremesinghe

    The top official of the United Nations World Food Programme (WFP) is planning to visit Sri Lanka on the invitation of Prime Minister Ranil Wickremesinghe at a time when the crisis-hit island nation is grappling with an impending food shortage.

    The Prime Minister’s request comes after experts have warned of a possible shortage of rice and other essential food items from September this year because of lower production due to the impact after President Gotabaya Rajapaksa had enforced a ban on fertilisers in April last year and due to the inability to import amid an acute dollar shortage.

    Prior to the fertiliser ban, Sri Lanka was self-sufficient in rice production.

    Mr. Wickremesinghe said he spoke to David Beasley, the Executive Director at the UN WFP on June 10 and invited him to visit Sri Lanka. “He accepted my invitation and is planning to visit shortly. We appreciate all the support extended to us by the WFP,” Mr. Wickremesinghe tweeted on June 10.

    On June 10, the United Nations appealed for $47.2 million to provide life-saving assistance to crisis hit Sri Lanka, as it noted that shortage of medicines and surgical consumables will ease in the medium term with the support of a credit line from India and other partners.

    The UN team in Sri Lanka and non-governmental organisations launched the joint Humanitarian Needs and Priorities Plan on June 9, calling for $47.2 million to provide life-saving assistance to 1.7 million people worst-hit by the economic crisis in Sri Lanka over a four-month period between June and September.

    Additionally, the International Monetary Fund (IMF) is also planning to send an in-person mission in the coming weeks to Sri Lanka for policy discussions on a financial arrangement, its spokesman has said but emphasised that the country needs to take steps to restore debt sustainability before the global lender can move on a financing programme.

    “Clearly Sri Lanka is facing a very difficult economic condition and severe balance of payments problems. We are deeply concerned about the impact of the ongoing crisis, particularly the humanitarian concern, that is the impact on people,” IMF Spokesperson Gerry Rice told a briefing on June 9.

    Meanwhile, India has also provided a $55 million Line of Credit to Sri Lanka for the import of fertilisers, in a bid to help the island nation tide over its food scarcity, the Indian High Commission said on June 10.

    Earlier this month, Mr. Wickremesinghe met senior officials of the Food and Agriculture Organization (FAO) as well as the United Nations Development Programme (UNDP) and briefed them about the situation faced by the country.

    The Prime Minister lamented that fertilisers and fuel shortage are the two biggest hurdles facing the country’s agricultural sector.

    Addressing the Parliament on June 7, Mr. Wickremesinghe said Sri Lanka will need $5 billion to ensure that the people’s daily lives are not disrupted for the next six months.

    The nearly bankrupt country, with an acute foreign currency crisis that resulted in foreign debt default, announced in April that it is suspending nearly $7 billion foreign debt repayment due for this year out of about $25 billion due through 2026.

    Sri Lanka’s total foreign debt stands at $51 billion.

    In May, the IMF said it requires sufficient assurance from the country that it will restore debt sustainability during the debt restructuring process.

    The economic crisis has prompted an acute shortage of essential items like food, medicine, cooking gas and other fuel, toilet paper and even matches, with Sri Lankans for months being forced to wait in lines lasting hours outside stores to buy fuel and cooking gas.

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    crisis in sri lanka food in sri lanka fuel in sri lanka Prime Minister Ranil Wickremesinghe sri lanka debt Sri lanka food shortage UN help to sri lanka WFP sri lanka World Food Programme
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