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Reuters
Reuters
Health
By Uditha Jayasinghe

Sri Lanka to reduce drug prices by 16% as crisis eases- minister

FILE PHOTO: Customers stand in line to buy medicine at a pharmacy near Apeksha Hospital, Colombo, Sri Lanka, August 16, 2022. REUTERS/Kim Kyung-Hoon

Sri Lanka will slash the price of 60 essential drugs by 16% from June 15, the Health Minister said on Tuesday, as the country sees a glimmer of relief from its worst financial crisis in decades.

The island off India's southern coast plunged into crisis last year as its foreign exchange reserves ran out, food and energy prices spiralled and protesting mobs forced the ouster of the country's then president.

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