Robert Besser
18 Jun 2022, 17:30 GMT+10
COLOMBO, Sri Lanka: As it struggles with its worst financial crisis in decades, Sri Lanka's government has approved a four-day work week for public sector workers, to enable them to plant gardens to grow food and help them cope with a chronic fuel shortage.
Due to a severe foreign exchange shortage, the country is struggling to pay for imports of essential fuel, food and medicine.
This week, the Sri Lankan cabinet approved a proposal for public sector workers to be given Fridays off for the next three months, as the fuel shortage made commuting difficult and to encourage workers to plant gardens.
In a statement, the government information office said, "It seems appropriate to grant government officials leave of one working day to engage in agricultural activities in their backyards or elsewhere as a solution to the food shortage that is expected."
Last week, the United Nations warned of a looming humanitarian crisis, adding that it plans to provide $47 million to help more than one million vulnerable people.
In April, Sri Lanka's currency depreciation, rising global commodity prices and a now-reversed policy to ban chemical fertilizers pushed food prices up by 57 percent.
The government is in talks for a bailout package with the International Monetary Fund, with a delegation expected to visit Colombo on 20th June.
In addition, after a phone call with Prime Minister Ranil Wickremesinghe, U.S. Secretary of State Antony Blinken stated on Twitter, "During these economically and politically challenging times, the U.S. stands ready to work with Sri Lanka, in close coordination with the International Monetary Fund and the international community."
Sri Lanka needed at least $5 billion to meet essential imports for the rest of the year, Wickremesinghe said.
Get a daily dose of Greek Herald news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Greek Herald.
More InformationLONDON, England: As prices in stores throughout Britain rise, British consumers shopped less in May and also expressed less confidence ...
DUBLIN, Ireland: The government of Ireland is preparing a new law to prevent foreign investments in critical technology and infrastructure ...
TOKYO, Japan: Amidst semiconductor shortages and COVID-19 parts supply disruptions, Toyota has reduced its July global production target by 50,000 ...
MOSCOW, Russia: Russia's consumer price index has fallen by 0.12 percent for the third consecutive week.This drop in the consumer ...
© Provided by Xinhua Turkey has dropped its objections to the two countries' NATO accession, but many questions remain regarding ...
New Delhi [India], June 29 (ANI): The UK government has partnered with leading businesses in India to offer 75 fully-funded ...
PARIS, France: Amidst shortages and soaring prices caused by Russia's invasion of Ukraine and subsequent supply cuts, the heads of ...
Madrid [Spain], June 29 (ANI): The NATO leaders have termed Russia as "the most significant and direct threat" to the ...
Madrid [Spain], June 29 (ANI): Ukrainian President Volodymyr Zelenskyy has once again appealed to the European countries to admit his ...
U.S. President Joe Biden announced Wednesday the United States is sending additional naval destroyers to be stationed in Spain, establishing ...
Beijing [China], June 29 (ANI): This year's G7 Summit held in Germany targeted China's Belt and Road Initiative (BRI) to ...
Madrid [Spain], June 29 (ANI): US President Joe Biden on Wednesday announced significant US reinforcements of NATO forces in Europe ...