At the G7 Summit today (June 28), President of the United States Joe Biden announced $20 million in additional assistance to strengthen food security in Sri Lanka.
For the first five months of 2022, merchandise exports increased by 9.7% to US$ 2.4 billion compared to the corresponding period of 2021. Major product sectors except Tea, Rubber-based products and Spices & Concentrates; Apparel & Textiles, Coconut based products, Electronics & Electronic Components, Food & Beverages, Seafood and Ornamental fish recorded increased exports.
The crisis-ridden Government is to allow international oil companies to operate fuel import and distribution in Sri Lanka ending the oligopoly of Ceylon Petroleum Corporation (CPC) and Lanka Indian Oil Company, a senior energy ministry official said.
Sri Lanka is now facing unprecedented fuel and food crisis paralysing the whole country and the people will have to starve as a result of the break down in the supply chain with in the next few weeks, traders and food commodity transporters claimed
A high-level delegation representing the U.S. Department of the Treasury and the U.S. Department of State will visit Sri Lanka from June 26- 29, the U.S.Embassy in Colombo announced .