8 This is a valid point and indeed so far IMF surveillance has not been very effective despite various attempts to strengthen it. Yet, in my view, a further effort by the international community in this direction is needed.
As for the outlook, it is projected to follow a positive trend due to the rise in prices of petroleum products and food products in the short run and the positive output gap in the longer run. As for financial conditions, the environment for corporate finance has been accommodative.