Chair of the Parliamentary Committee on Public Accounts Mohamed Nashiz has affirmed the committee will provide its full support and cooperation to the government in matters related to loans and guarantees of the state.
The parliamentarian made the statement during the committee meeting held with Minister of Finance Ibrahim Ameer to clarify the loans and guarantees of the state.
Speaking at the meeting, Nashiz said it is the responsibility of the Public Accounts Committee to complete the legislative formalities regarding the issuance of guarantees and acquiring loans to the state, as per Clause 112 of the parliamentary regulations. As such, Nashiz said the committee will provide its full support and cooperation to the government in such matters within its legal boundaries. He requested the finance minister to inform of any issues which need to be deliberated by the committee.
During the committee meeting, Finance Minister Ameer highlighted the difficulties and challenges faced by the government in the efforts to recover the economy following the COVID-19 pandemic. He also spoke about the plans formulated by the government to speed up the recovery process.