Australia provides monetary support to crisis-hit Sri Lanka

June 22, 2022 04:09 AM AEST | By Aditi Sarkar
Follow us on Google News:


  • Sri Lanka's political and economic crisis has now turned into a national emergency with a critical level of food, health, fuel, and power supply
  • On Monday, Australia announced to provide AU$50 million as Official Development Assistance to Sri Lanka
  • Also, Australia has given AU$5 million to the United Nations for Sri Lanka.

Sri Lanka's economic crisis is worsening with each passing day, with diminishing medical stocks and other basic goods. What began as a political and economic crisis has now become a national emergency with a critical level of food, health, fuel and power supply.

With the nation's currency dropping to a lower value and the cost of living going through the roof, more and more people in the country cannot afford or access essential items and services. According to media reports, the government has run out of foreign reserves and is reaching a breaking point.

Australia to donate AU$50 million

Image source: ©2022 Kalkine Media®

On Monday, Australia announced to provide AU$50 million as Official Development Assistance to Sri Lanka. The amount is for helping Sri Lanka to meet urgent food and healthcare needs.

In a media release, the foreign minister of Australia mentioned the worst economic crisis in Sri Lanka in seventy years, leading to shortages of food, medicine, and fuel.

On an immediate basis, Australia will contribute AU$22 million to the World Food Programme for emergency food assistance to help three million people in Sri Lanka meet their daily nutritional needs. In addition, it will provide AU$23 million in development assistance to Sri Lanka in 2022-23. Recently, Australia had also provided AU$5 million to the United Nations agencies for Sri Lanka.

Australia's Foreign Minister Hon Penny Wong said, "Not only do we want to help the people of Sri Lanka in its time of need, but there are also deeper consequences for the region if this crisis continues."

Also read: Political unrest in Sri Lanka amid rising economic turmoil


The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

Top ASX Listed Companies

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK