When the incentives in the credit process are properly aligned, the benefits flow to both the borrower and the lender: the borrower is assured terms and conditions such that he or she can reasonably be expected to repay the loan, and the lender is paid interest on the money lent.
We have sustained fiscal discipline. The fiscal deficit is expected to be contained within 3 percent of GDP (2.3 percent of GDP as of the 1st half of 2018). This supports effective government spending and sustainability to meet debt obligations. Our external position is strong. Our gross international reserves (GIR) remains an ample buffer.