1. The discussions were held against the backdrop of declining oil
revenue, a small decline in public expenditure, and moderate
deceleration in non-oil growth. The ongoing normalization of
diplomatic relations with the U.S. and the EU since 2007 continues
to contribute to foreign investors' interest, particularly in the
hydrocarbon, banking, and infrastructure sectors. Further spending
under the Wealth Distribution Program (WDP), which was launched in
March 2008 to distribute part of the oil wealth to the population
and reduce the size of the government, has been put on hold over
concerns about its potential impact on inflation and the provision
of basic public services.
International Monetary Fund
|Country of origin:
International Monetary International Monetary Fund
||Electronic book text
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