Report for the Mid-2006 Post-Program Monitoring Discussions

Author/Editor:

International Monetary Fund

Publication Date:

October 12, 2006

Electronic Access:

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Summary:

Macroeconomic performance has been relatively strong, and the large fiscal adjustment and the VAT reform represent significant progress in strengthening the fiscal position. Progress with reforms sets the stage for resolving longstanding economic problems. Tax collections have grown strongly. Over the medium term, sustainable fiscal consolidation will require a further revenue effort. Privatization of power sector assets should move ahead. Risks to inflation seem evenly balanced. Although important challenges remain, steps are being taken to strengthen the banking sector. Capital market development is a priority.

Series:

Country Report No. 06/355

Subject:

English

Publication Date:

October 12, 2006

ISBN/ISSN:

9781451831382/1934-7685

Stock No:

1PHLEA2006003

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

52

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