Emerging from a near-crisis in 2013, the authorities have substantially reduced near-term vulnerabilities. Helped by supportive policies, low oil prices and strong remittances, the budget deficit and inflation have declined while foreign exchange buffers have strengthened considerably. The near-term economic outlook is broadly favorable although structural bottlenecks still impede higher potential growth. The main challenges are to reinforce the recent gains in economic stability and generate a strong and sustainable growth momentum by accelerating structural reforms. Key priorities include continued reserve accumulation and fiscal consolidation, widening the tax net to enable higher infrastructure investment and social assistance, fixing the energy sector, restructuring or privatizing loss-making public enterprises, improving the business climate for higher and more inclusive growth, and continuing the policy agenda to foster financial sector development and stability.
To view this DRM protected ebook on your desktop or laptop you will need to have Adobe Digital Editions installed. It is a free software. We also strongly recommend that you sign up for an AdobeID at the Adobe website. For more details please see FAQ 1&2. To view this ebook on an iPhone, iPad or Android mobile device you will need the Adobe Digital Editions app, or BlueFire Reader or Txtr app. These are free, too. For more details see this article.
|Size: ||8.1 MB|
|Publisher: ||INTERNATIONAL MONETARY FUND|
|Date published: || 2016|
|ISBN: ||9781513539461 (DRM-EPUB)|
|Read Aloud: ||not allowed|