COLOMBO (News 1st); Sri Lanka is facing the worst economic crisis since its independence in 1948 and now awaits the initial disbursements under the International Monetary Fund's Staff-Level Agreement.Fraud, Corruption, and Waste paid a key part in leading Sri Lanka to a crisis.In April 2021, the Sri Lankan Government took a sudden decision to completely ban Chemical Fertilizer imports to turn the island nation's agriculture sector to 100% Organic.Not only did the experts warn about the consequences of such a policy, even farmers pointed out that it would carry Sri Lanka to the brink of destruction.However, given the forex crisis faced by the country, Sri Lanka decided to ban Chemical Fertilizer imports.But, did Sri Lanka manage to save its reserved by banning Chemical Fertilizer?Or, did it lose what ever the remaining dollars it had in its reserve for a shady-deal?The country eventually paid US $ 6.9 Million for a Chinese Fertilizer shipment, despite not a single scoop of fertilizer touching Sri Lankan farmlands.China's Qingdao Seawin Biotech Group Co., Ltd that produces Organic Fertilizer using Seaweed came forward to supply Organic Fertilizer to Sri Lanka after applying for it via an Open Tender.Although the tender was awarded to Qingdao Seawin Biotech Group Co., Ltd.
Sri Lanka's National Plant Quarantine Service after conducting tests twice, confirmed that the fertilizer samples contained a pathogen.However, an order was already placed for 20,000 MT of Organizer Fertilizer shipment that was shipped aboard the Hippo Spirit vessel without approval from the National Plant Quarantine Service.In order to obtain the license to import fertilizer to Sri Lanka it is paramount to obtain clearance from the National Plant.