US cable in ’74 saw depleted foreign reserves, looming import restrictions

A January 1974 US diplomatic cable highlighted the dire economic circumstances facing the country and stated that it was soon expected to run out of foreign reserves and that stringent import restrictions were likely.

The January 24, 1974 cable from the US Embassy here to the State Department, which was released on the WikiLeaks website said that growing fears of financial chaos had caused Prime Minister Forbes Burnham to convene several meetings with business and professional groups.

“Undoubtedly Burnham is setting stage for (major) address to nation on new measures to reduce imports and