BSP staff predicts that the economy will grow by 7.4 percent in the fourth quarter. The Development Budget Coordination Committee (DBCC) agreed. It adjusted its GDP growth projection upward for 2021 to 5.0-5.5 percent from 4.0-5.0 percent. Moreover, it expects the economy to grow by 7.0-9.0 percent in 2022 and 6.0-7.0 percent in 2023 and 2024. Another macroeconomic concern is inflation.
Cabinet in December 2017 approved the Policy and Principles for National Payment Systems Bill which covers; the regulation of Payment Systems, Payment Service providers and payment instruments. Following approval by Cabinet, the Ministry of Finance Planning and Economic Development requested the Office of the Attorney General to draft the Bill.