30.9 C
Brunei
Tuesday, September 27, 2022
30.9 C
Brunei
Tuesday, September 27, 2022
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    IMF lauds Brunei economic recovery effort

    International Monetary Fund (IMF) Executive Directors commended the Sultanate’s authorities for adopting policies to cushion the impact of the COVID-19 pandemic as well as for the impressive vaccination rollout.

    The directors observed that a strong economic recovery is underway, with further lifting of COVID-19 restrictions, investments in large petrochemicals projects, and higher oil and gas prices.

    Noting the downside risks to the outlook, the directors stressed the need to maintain supportive policies until a private-sector-led recovery is on a firm path.

    More details on Weekend’s Borneo Bulletin

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