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Sri Lanka

UN to provide $48mn humanitarian assistance to SL amid crisis

Amid the ongoing disastrous financial crisis with severe food, power and fuel shortages in Sri Lanka, Prime Minister Ranil Wickremesinghe told Parliament on Tuesday that the UN has planned to provide humanitarian assistance of around $48 million over a four-month period to the island nation's food, agriculture and health sectors. 

Timely reset

Sri Lanka has in recent times served as an illustration (and warning) of what can happen to a nation which goes overboard in pursuit of normative ideals while depending heavily on foreign debt to finance its development projects.