International Monetary Fund. Asia and Pacific Dept
INTERNATIONAL MONETARY FUND
The economy is recovering well from several natural disasters, supported by accommodative fiscal and monetary policies. Growth performance picked up in recent years with improved political stability, though average growth rates were still lower than in other emerging and developing countries.
The current government was reelected in mid-November.
Fiscal buffers have been used and external conditions, including oil prices and growth prospects of main trading partners, are becoming less favorable.