India rushes food, medicine to bankrupt Sri Lanka

Published June 24, 2022
In this file photo, people stand in a long queue to buy kerosene oil for kerosene cookers amid a shortage of domestic gas due to country's economic crisis, at a fuel station in Colombo, Sri Lanka on March 21. — Reuters/File
In this file photo, people stand in a long queue to buy kerosene oil for kerosene cookers amid a shortage of domestic gas due to country's economic crisis, at a fuel station in Colombo, Sri Lanka on March 21. — Reuters/File

Sri Lanka accepted a rice and pharmaceuticals shipment from neighbouring India on Friday as the island nation battles an unprecedented economic crisis that has left supermarket shelves and pharmacy cabinets empty.

A critical shortage of foreign currency has left Sri Lanka unable to pay for enough imported food, fuel and medicines to meet demand since the end of last year, causing widespread hardship.

Its 22 million people have also been forced to endure prolonged daily blackouts and galloping inflation that has strained household budgets.

India has extended $1.5 billion in credit lines to allow Sri Lanka to keep meeting a portion of its food and energy needs, and Friday's shipment followed a visit by Indian experts for aid talks.

“Both parties discussed at length the future course of action of the Indian aid programme to stabilise and revive the Sri Lankan economy,” Sri Lankan President Gotabaya Rajapaksa's office said after the meeting.

An acute lack of petrol has immobilised Sri Lanka this week, with parliament cancelling two days of sittings to help conserve fuel.

The United Nations last week appealed for emergency food aid after a survey showed that four out of five Sri Lankans were skipping meals to cope with the crisis.

A US Treasury delegation is expected in the capital Colombo next week to assess the crisis, with Prime Minister Ranil Wickremesinghe telling lawmakers Wednesday that the nation's economy had reached the point of “complete collapse”.

Sri Lanka has already defaulted on its $51bn foreign debt and is in bailout talks with the International Monetary Fund, which could take months.

Opinion

Editorial

Budget presser
Updated 14 Jun, 2026

Budget presser

If the FBR falters, the government will find itself in hot water sooner rather than later.
Muharram precautions
14 Jun, 2026

Muharram precautions

WITH Muharram due to start next week, the authorities have already begun annual exercises to ensure that the ...
Blood bequests
14 Jun, 2026

Blood bequests

WORLD Blood Donor Day offers a moment of “gratitude, advocacy and renewed commitment” for thalassaemia patients...
Sustainable path?
Updated 13 Jun, 2026

Sustainable path?

The FY27 budget is the first clear signal that the government is ready to transition from stabilisation to growth.
Prioritising education
13 Jun, 2026

Prioritising education

THOUGH the improvement in the country’s literacy rate may be slight, as highlighted by the Economic Survey, it ...
Poverty’s rise
13 Jun, 2026

Poverty’s rise

AS attention turns to the government’s plans for the coming fiscal year, one set of figures deserves particular...