The fiscal deficit has fallen to around 3% despite the crisis; banks have stopped lending in foreign currency; the country’s current account has been in surplus for years. And external debt has also been declining gradually, albeit slowly. Although the adjustment has required huge sacrifices, we have not reached the end of the road.
We have not been able to place the economy on a balanced growth path, we have not become an attractive target for investments, we have been declining in the international competitiveness ranks, our credit rating is worse than it has been ever since the political transition and we have remained at the bottom of the regional league in terms of growth.