Eight-point policy package

As the economic andfinancial Advisor to the government, the Central Bank also presented an eight point policy package as follows to complement with its monetary policy actions.Most of the policies proposed are the reforms advocated by the IMF this week at the conclusion of their Article IV consultations.

a) Introducing measures to discourage non-essential and non-urgent imports urgently based
on the previous recommendation made by the Central Bank
b) Increasing fuel prices and electricity tariffs immediately, to reflect the cost
c) Incentivising foreign remittances and investments further
d) Implementing energy conservation measures, while accelerating the move towards
renewable energy
e) Increasing government revenue through suitable tax increases on a sustained basis
f) Mobilising foreign financing and non-debt forex inflows on an urgent basis
g) Monetising the non-strategic and underutilised assets
h) Postponing non-essential and non-urgent capital projects