Journal Issue

Statement by the MF Staff Representative

International Monetary Fund
Published Date:
December 2006
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Since the issuance of the staff report, the following additional information has become available. It does not alter the thrust of the staff appraisal.

1. Performance Criteria. Final data (unchanged from staff report) confirm all end-March 2006 quantitative performance criteria were observed.

2. Economic growth. Real GDP grew 6.8 percent in the year ending in March 2006, suggesting that the 4.6 percent growth rate envisaged for 2006 may be exceeded.

3. Bankruptcy law. The law is expected to be submitted to congress with a small delay, in early July, as more time was needed for its legal review and incorporation of comments received during its public consultation (end-June benchmark).

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