BIS Review 37/2010  3  a)  Fiscal policy and fiscal stimulus  The economy is just emerging from the devastating consequence of drought and the global financial crisis. The pervasiveness and persistence of these shocks required that the government develops a fiscal stimulus. It is important to understand how fiscal stimulus works in an economy like ours: 1.
Convergence with IFRS is also in the interest of the industry since compliance with them would be able to create greater confidence in the mind of investors and reduce the cost of raising foreign capital.