Sri Lanka receives 2.2 million dollars-worth of medications from Bangladesh

According to the government's media department, Bangladesh supplied 2.2 million dollars-worth of medical supplies to Sri Lanka on Monday.

The money were delivered to Sri Lankan Minister of Health Keheliya Rambukwella by Bangladesh- High Commissioner Tareq Md Ariful Islam.

Sri Lanka is currently experiencing a serious medicine shortage as a result of financial issues and the rupee's depreciation, with 76 critical drugs still unavailable for distribution in the health sector.

Due to the medication shortage, many government hospitals have suspended or reduced repetitive surgeries in order to preserve available medicine inventories for emergency use.

According to the government announcement, the contribution contains 79 vital therapies, including anti-hypertensive, anti-cancer, antibiotic oral and injectables, anti-epileptic, anti-viral, and anti-asthmatic pharmaceuticals.

Two consignments of medicine have already arrived from India and France.

According to analysts, Sri Lanka is suffering from medical shortages as a result of currency devaluation and foreign cash shortages created by money printing.

The National Medical Regulatory Authority's (NMRA) price regulations, according to suppliers, are to responsible for the shortages.

Sri Lanka's central bank works under an intermediate regime, which its economists exploit by printing money to encourage development (monetary stimulus or output gap targeting) and generate currency crises.