Monday 13th December, 2021Speculation is rife in political circles that the government will decide today whether to seek assistance from the International Monetary Fund (IMF) to straighten up the ailing economy. The government is equal to the task of shoring up the country’s foreign reserves, the Finance Minister has said, noting that nobody wants to draw a bank loan on unfavourable conditions. If it can do so on its own, so much the better, but what if its wishes do not come true? The country’s foreign reserves are barely sufficient for a couple of months, we are told. There are foreign loan installments to be settled next year, and essential imports to be paid for.

Source: The Nation December 13, 2021 01:16 UTC