To create and enhance market liquidity even during the phases of falling prices, select participants have been permitted to short sell securities in G-sec markets. The short sales were initially permitted (February 28, 2006) on an intra-day basis where the participant can short during the day but was required to cover it by the end of the day.
I hope that this seminar, which includes participants from the Parliament, Government, the business sector, academia and civil society, will strengthen our understanding of the critical issues relevant for oil revenue management and will help to promote public debate about these issues. Distinguished delegates, I would now like to invite the Honorable Minister of Finance, Planning and Economic Development to officially open this seminar.