But we basically cannot cushion their full impact given our balance of payments and debt position. We are relying on some demand management to help us reduce imports. Demand is already responding but the fuel import bill is still quadrupled our historical level. Inflation, at over 9 percent, is the highest in over twenty years. It presents considerable challenges to policy makers.
Such a policy increased appetite on the part of employees to take unwarranted risks on behalf of the institutions they were working for. It is never too late to mend. After all, we all learn from mistakes. It is therefore imperative in human resources management to devise a fair compensation scheme for financial institutions.