Trade Facilitation Needed for Sri Lanka's Food Security

9 May 2021

Sri Lanka needs regional and cross-border food trade facilitation to ensure food security, according to the latest report of the Central Bank of Sri Lanka.

The Central Bank report further stressed that Sri Lanka needs to improve warehousing and storage facilities, including cold storage. The country also needs to boost packaging and transportation services in the medium to long-term to reduce post-harvest losses, prevent food shortages, and maintain food inflation at subdued levels.

Sri Lanka is import dependent on several major food commodities, noted the Central Bank. It recommends promoting domestic production of several food items to ensure food security over the long-term.

The Central Bank also addressed the issue of significant crop losses caused by wild animals. It promoted taking a holistic and integrated approach in resolving human-wildlife conflict in an equitable and sustainable manner.

 

Related

Regional and cross-country food trading facilitation imperative for Sri Lanka’s food security

The National Board of Revenue (NBR) of the Government of Bangladesh is set to open National Single Window...

Read More


Bhutan will build the Gelephu Smart City Project in the Gelephu Special Administrative Region (SAR) to facilitate more...

Read More


Mr. Shakti Bahadur Basnet, Nepal Minister for Energy, inaugurated on 11 December 2023 the Kushma-Butwal power transmission line...

Read More


The Government of Bangladesh and the Asian Development Bank (ADB) signed an agreement for the ...

Read More


The Asian Development Bank (ADB) has approved $336.5 million loan financing under the Asia Pacific Vaccine Access Facility...

Read More


The King of Bhutan, His Majesty Jigme Khesar Namgyel Wangchuck, paid an official visit to India on 3-10...

Read More


Bangladesh Prime Minister Sheikh Hasina and India Prime Minister Narendra Modi inaugurated the Akhaura-Agartala railway link during an...

Read More