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Press briefing of Cabinet Decision taken on 2022-09-12
Financing the purchase of Essential Pharmaceuticals and Medical Supplies for the Ministry of Health
- Taking into consideration the foreign exchange crisis encountered by the country, the Asian Infrastructure Investment Bank has agreed to provide US$100 million expeditiously to import essential pharmaceuticals and medical supplies by revising the scope of Support to Colombo Urban Regeneration Project and the Reduction of Landslide Vulnerability by Mitigation Measures Project implemented under the funds of the said Bank. Accordingly, the proposal made by the Hon. President in his capacity as the Minister of Finance, Economic Stabilization and National Policies to utilize US$70 million from the Support to Colombo Urban Regeneration Project and US$30 million from the Reduction of Landslide Vulnerability by Mitigation Measures Project to purchase essential pharmaceuticals and medical supplies, was approved by the Cabinet.