GDP in developing Asia is projected by the IMF to grow by 5,9 per cent in 2002, but as global economic growth gathers momentum; the economy is forecast to strengthened by 6,4 per cent in 2003. 7. Domestic economic developments  Turning now to domestic economic conditions, recent events have been interesting to say the least.
Structural reforms in the real economy and sustainable fiscal policies delivering long-term growth are equally important. Although they rest outside of the monetary policy control, the NBS will support the government efforts in this area. We should also bear in mind that the real success in this pillar will come only over a long period, requiring prolonged efforts.