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Over 60% of Sri Lankan families skipping meals

COLOMBO (News 1st) – 32 percent of Sri Lankan households are now food insecure, and 68 percent of households are turning to food based coping strategies such as eating less preferred food or reducing the number of meals and portion-sizes, revealed the latest World Food Program figures.UNICEF estimates that approximately 2.3 million children are in need of humanitarian assistance, including 56,000 children suffering from severe acute malnutrition (SAM).In late October, the Humanitarian Needs and Priorities plan (HNP) was extended until the end of 2022, with the aim of providing life-saving humanitarian assistance to 3.4 million of the most vulnerable people in Sri Lanka. United Nations agencies, funds and programmes and implementing partners have stepped up their interventions recently and the number of people reached, currently at around 1.2 million, is expected to further pick up speed in the next few weeks. In November alone, WFP aims to distribute 7,398 MT of food to approximately 400,000 people in five districts.

Additionally,approximately one million children will receive school meals for three months across 7,900 schools island wide. Furthermore, FAO is stepping up its livelihood support interventions by providing much needed fertilizer to smallholder farmers. UNICEF, UNFPA and implementing partners are continuing to provide protection support to vulnerable women and children, and WHO is continuing to support the Ministry of Health primarily with the procurement of essential medicines and other medical supplies.UN Office for the Coordination of Humanitarian Affairs said that 7 Million Sri Lankans are in need of humanitarian assistance.The Humanitarian Needs and Priorities (HNP) plan has been extended until the end

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Financial Literacy Survey: 42% financially illiterate - - Sri Lanka
Financial Literacy Survey: 42% financially illiterate
COLOMBO (News 1st) – The first ever nationwide survey of financial literacy by the Central Bank has found that 42% of Sri Lankan adults are financially illiterate.‘Financial Literacy Survey Sri Lanka – 2021’, a publication of the Central Bank of Sri Lanka, is now available for public access.The Regional Development Department of the Central Bank of Sri Lanka, with the assistance of the International Finance Corporation (IFC) – under the IFC-DFAT Women in Work program – conducted the first-ever countrywide Financial Literacy Survey in Sri Lanka, as part of the implementation of the National Financial Inclusion Strategy of Sri Lanka. The key objective of the survey was to assess the level of financial literacy across the population to formulate appropriate policy measures.The survey focused on the elements of knowledge, attitudes, and behavior within the concept of financial literacy and this publication consists of the key survey findings.The survey findings reveal that 57.9 percent of adults are financially literate in Sri Lanka. Further, the findings imply that the level of financial literacy varies across different segments of the population, suggesting the need for targeted policy interventions. For instance, despite gender parity in education, the survey notes gender disparity in financial literacy.This publication is a useful collection of information for those who are interested in the field of financial inclusion.Writer: Teena Marian
Food Crisis: Estate Sector worst affected, says WFP -
Food Crisis: Estate Sector worst affected, says WFP
COLOMBO (News 1st) – The World Food Program in its report for September 2022 reported that the highest level of acute food insecurity is in the Estate sector.The World Food Program has highlighted the tea production sector as having the  highest level of acute food insecurity in the Estate sector.It is also recorded and among female-headed households, households with no education, and Samurdhi programme beneficiaries.A severe macroeconomic crisis caused acute shortages and spikes in the prices of essential products, including medicines, food, agricultural inputs and fuel, bringing the overall economic activities to a standstill, with major disruptions to agricultural production, said the WFP.It added that acute food insecurity has risen dramatically, as a result of import shortages, soaring prices, livelihood disruptions, reduced household purchasing power and exhaustion of less severe household coping strategies. The WFP said that Food and livelihood-related coping strategies are being widely adopted, including cutting the number of meals consumed in a day, reducing meal sizes, spending savings, and purchasing food on credit. As households exhaust these strategies, more of them are likely to engage in severe means of coping with negative knock-on consequences for food security over the medium term.The World Food Program warned that the situation is likely to deteriorate during the lean season from October 2022 to February 2023.It added that over 6.2 million people (28 percent of the population) are estimated to be moderately acute food insecure and 66 000 people to be severely acute food insecure. Immediate food assistance and livelihood programmes are essential for moderately and severely acute food insecure
Female-headed homes hard hit by acute food insecurity in Sri Lanka - - Usa - Sri Lanka - Britain - Eu
Female-headed homes hard hit by acute food insecurity in Sri Lanka
COLOMBO (News 1st) – Asia’s highest inflation rates and ongoing fuel scarcity continue to threaten food security in Sri Lanka. Sri Lanka continues to experience an unprecedented economic crisis with high inflation, rising commodity prices, power shortages and scarcity of fuel.The World Food Program said that Asia’s highest inflation rates and ongoing fuel scarcity continue to threaten food security in Sri Lanka. According to the World Food Programme (WFP), an estimated 6.2 million people in Sri Lanka are facing moderate to severe acute food insecurity, with one in every four households applying negative coping strategies such as reducing the number of meals per day, reducing expenses on other essential things such as healthcare or withdrawing children from school. Female-headed households are seen to be particularly hard it, as are the urban poor and people working in the estate-sector.The United Nations Office for the Coordination of Humanitarian Affairs said that given the deteriorating food security and nutrition situation in Sri Lanka and the strong likelihood that the upcoming Maha season will not produce sufficient yields, several countries have pledged further assistance, especially towards improving food security and the critical inputs for the agriculture sector. The United States Agency for International Development (USAID) announced an additional US$20 million in humanitarian assistance, bringing USAID’s total assistance to nearly US$92 million since June of this year. The United Kingdom pledged £3 million in lifesaving support going mostly toward food security and supporting farmers, while the EU released €1.5 million in humanitarian aid which will mainly be utilized for multipurpose cash assistance.The final