Tuesday, 28 November 2023 08:37

EU extends EUR 15mn grant to promote circular economy in SL’s food sector Featured

Sri Lanka and the European Union (EU) entered into a financing agreement to promote a circular economy and sustainable consumption and production in the food sector, finance ministry announced.

Under the agreement, the EU will extend EUR 15 million to increase food availability for vulnerable people in Sri Lanka by establishing more efficient distribution channels/mechanisms of food, avoiding food waste and/or convert food waste much-needed farming inputs like organic fertiliser, animal feed, etc.

The action is aligned with the Paris Agreement, 2030 Agenda for Sustainable Development and more particularly, the external dimension of the EU policies under the EU Green Deal and more directly to SDG 12 on responsible consumption and production.

It will also contribute to Sri Lanka’s commitments under the 2021 updated National Determined Contributions (NDCs) and implementation of the National Policy on Sustainable Consumption and Production.

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