On Tuesday, Finance Minister Miftah Ismail said that the country needed 41 billion dollars in the next 12 months, adding that he was “very confident” about it happening. “We have to pay back $21bn in the next year. I am guessing that the outside limit of the current account deficit will be $12bn […] I think that we should have reserves of at least three months […] So we need $41bn over the next 12 months and I think it will happen,” he said. Addressing the Pre-Budget Business Conference, the minister also outlined the problems plaguing the country’s economy.
