There is a lot to be done and undone. We are prioritizing matters, rest assured they shall be addressed as early as possible. We have managed to get things moving in the last 48 hours. I will provide a full explanation of the financial crisis faced by the country tomorrow (16)
1/ Fuel: Given the dollar scarcity at banks, we are exploring other options of securing the necessary funds to pay for the coming week's fuel requirements.
2/ LP Gas: The government has secured payments for an LP Gas consignment which will begin to unload and distribute as early as possible.
3/ Medicine, Food and Fertilizer: At the conclusion of our meeting today, The World Bank and ADB have pledged support to assist in procuring essentials items.
4/ 21st Amendment: This will be taken up for discussion with the Attorney General's Department tomorrow and then be presented to Cabinet for approval.
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1. The next couple of months will be the most difficult ones of our lives. I have no desire to hide the truth and to lie to the public. Although these facts are unpleasant and terrifying, this is the true situation.
• Debt Ceiling: SLR 1950 Billion out of the approved debt ceiling of SLR 3200 Billion by the 2nd week of May
• Foreign Reserves: They were at USD 7.5 Billion in Nov. 2019. However, today it is a challenge for the treasury to find USD 1 Million.