We have seen the economy grow in resilience. We have used the strong external current account position and capital flows, including debt relief under HIPC initiative, to fund a substantial build-up of reserves. This provides cushion against rising oil prices and other shocks.
The significant reductions in the stock of external debt and the domestic public debt over the last few years have improved the savings-investment and growth dynamics and there are signs of growing investor interest in taking risks in the domestic market.