Sri Lanka’s Ministry of Health reports drug shortages amid economic crisis
Update: April 14, 2022 6:38 p.m. STI
Colombo [Sri Lanka]April 14 (ANI): Amid continued economic difficulties in the country, the Sri Lankan Ministry of Health has said there is a shortage of certain drugs and equipment in some government hospitals.
A supply shortage of some drugs has occurred due to delay in opening letters of credit on time, including one given by India, Newswire from Sri Lanka reported. The report indicates that several solutions have been identified for this purpose and that they are being implemented.
Sri Lankan authorities have asked international agencies, foreign nationals and Sri Lankan expatriates to donate or provide essential medicines.
On Wednesday, the World Bank said Sri Lanka needed urgent policy measures to address its high levels of debt and debt service, reduce the budget deficit and restore external stability.
The island nation faces a highly uncertain economic outlook due to fiscal and external imbalances.
Released on Wednesday, the World Bank’s latest report “South Asia Economic Focus Reshaping Norms: A New Way Forward” forecasts that the region will grow by 6.6% in 2022 and 6.3% in 2023. Forecasts for 2022 have been revised downward by 1.0%. points compared to the January projection, mainly due to the impact of the war in Ukraine.
This comes as South Asian countries are already grappling with rising commodity prices, supply bottlenecks and financial sector vulnerabilities.
“The World Bank is deeply concerned about the uncertain economic outlook in Sri Lanka and its impact on people,” said Faris Hadad-Zervos, World Bank Country Director for the Maldives, Nepal and Sri Lanka. “We are working to provide emergency assistance to poor and vulnerable households to help them overcome the economic crisis and we remain committed to the well-being of the people of Sri Lanka and a narrative of sustainable and inclusive growth that will require concerted action. and community.” (ANI)