Government Struggling To Find Enough Foreign Exchange
(MENAFN- Colombo Gazette)
Finance Minister Ali Sabry instructed Parliament today the Government is battling to obtain ample foreign trade to finance critical imports.
Generating a statement in Parliament, the Finance Minister stated that the usable liquid reserves are at negligible concentrations, seriously impacting importation of necessities, which includes gasoline, LP fuel and prescription drugs.
“I would not wait to inform this august assembly that the authorities is struggling to obtain ample foreign trade to finance these vital imports,” the Finance Minister mentioned.
He explained there requires to be urgent solutions to restore supply chains on essential merchandise, to address the grievances of the people today and to shift ahead on a reform programme and to work on bridging funding and also to put into action medium to very long-phrase growth-similar insurance policies.
The Finance Minister also stated that political steadiness and support from all get-togethers which include the personal sector are essential factors for the Governing administration to employ this a lot desired reform agenda.
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