It is important to note that these results have been achieved in conditions of significantly higher government capital expenditure, as well as increased outlays for wages and pensions, which contribute to economic growth while causing no major inflationary pressures.
We support the envisaged surge in the deployment of IBRD and IFC resources. Lending growth over time under persistent uncertainty on economic and financial conditions warrants continued budgetary discipline and a thorough review of both institutions’ financial sustainability and overall risk exposure.