UID:
edocfu_9960178416802883
Format:
1 online resource (95 pages).
ISBN:
1-4983-2059-7
,
1-4983-2063-5
Series Statement:
IMF Staff Country Reports
Content:
A 36-month Extended Arrangement under the Extended Fund Facility (hereafter the “arrangement”) was approved last December, with access of SDR 2,673 million (361 percent of quota). Lower international oil prices would reduce oil revenues, widen the current account deficit, and stymie growth recovery. The authorities are implementing a proper policy response to the weakened outlook, through a conservative supplementary budget for 2019, alternative sources of cheaper financing, and progress toward a more flexible exchange rate regime.
Additional Edition:
ISBN 1-4983-2048-1
Language:
English