In Asia and other parts of the emerging world, however, ample policy ammunition is available, both fiscal and monetary, should the authorities have a need to use it. To do so credibly would presumably require confidence that the upward trend in inflation seen over the past couple of years would be likely to turn down.
Our international reserves are at a level of eighty point eight billion US Dollars (USD80.8B) as of end-July 2017 — enough to cover eight point six (8.6) months of imports and payments of goods and services. As if these are not encouraging enough, our discussion on capital market reform received support via technical assistance from the IMF.