Investor Presentaiton
Excerpts of IMF Press Release
(end of SBA 2013)
ā "The authorities' have successfully
implemented their program,
supported by a Stand-By
Arrangement, under very
challenging circumstances, and the
economy is now better positioned
for a robust recovery. Fiscal
consolidation and debt restructuring
have reduced the debt ratio and
arrears, while structural reforms
have improved revenue
administration and public financial
management. The strong first
quarter fiscal performance puts
public finances in a good position to
achieve 2013 targets, consistent
with the goal of reducing the debt
ratio to 60 percent of GDP by
2020.
ā "Fiscal adjustment and debt
restructuring have put the debt
ratio on a downward path with the
debt ratio dropping from 102.5
percent of GDP in 2009 to 89
percent of GDP at the end of 2012."View entire presentation