President Gotabaya Rajapaksa’s address to the nation last night tackled the various issues currently being faced by Sri Lanka.
The President touched on the various issues and revealed the measures that have been taken to resolve the problems.
Here are five key points from the President’s speech:
1. Shortages of essential items and increase in prices.
I am well aware of the shortages of essential items and the increase in prices. I am also aware of issues such as gas shortage, fuel shortage, and power cuts. I am also very sensitive to the many sufferings the people have experienced over the past two months. I know that this situation will continue for reasons beyond our control though we make maximum possible efforts with regard to these situations.
2. Cause for the crisis.
This crisis was not created by me. When those who contributed to the creation of this crisis are criticizing the government in front of the people today, I am attempting to immediately resolve this crisis and provide relief to the people.
3. Forex Crisis & the International Monetary Fund (IMF).
The root cause of current issues is our foreign exchange crisis. Accordingly, our trade deficit will be USD 2.4 billion. We must take action to fill this deficit and increase our foreign exchange reserves. Yesterday’s discussion with the International Monetary Fund was also held for this purpose. Through those discussions, we hope to find a way to pay off our annual loan installments, sovereign bonds, and so on. Subsequent to my discussions with the International Monetary Fund, I have decided to work with them after examining the advantages and disadvantages.
4. Citizens requested to support the Government by limiting the use of fuel and electricity.
Therefore, by limiting the use of fuel and electricity as much as possible, the citizens too can extend their support to the country at this time. I hope that you will understand the responsibility that lies with you at this challenging time.
5. Plan for the remaining period of the President’s tenure.
You requested me to build a secure, disciplined, and modern developed country, as well as better education for your children. Almost two and a half years of my tenure were devoted to protecting you and your child from the pandemic. I will dedicate the remaining period of my tenure to accomplishing those original goals. (NewsWire)