The economy expanded by 6.6 percent in 2012 and this growth was matched by generally stable prices as inflation averaged 3.2 percent last year. The high growth-low inflation scenario was further supported by our robust external position. The country’s balance of payments remains in surplus due to investment growth, business process outsourcing receipts and the steady rise in remittances.
Lenders have been experimenting with a variety of split mortgage type solutions for cases which seem otherwise likely to be unsustainable. The differences in design are not  8  For example, government-led approaches to mortgage debt restructuring models that have been applied or discussed in the US and in Iceland, following the crisis use all of these three methods.