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Showing posts from October, 2018

Brunei's Permanent Secretaries and Deputies (September 2018)

IMF Report on Brunei Darussalam 2018

The International Monetary Fund (IMF) recently did a report on Brunei. The report's link is here. But the text can be read in this blog.

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IMF Executive Board Concludes 2018 Article IV Consultation with Brunei Darussalam
October 10, 2018

On September 17, 2018, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with Brunei Darussalam.

Brunei Darussalam’s economy has been adjusting well to lower oil prices since 2014, with the authorities undertaking wide-ranging reforms. The decline in oil and gas (O&G) prices led to large budget deficits and narrower current account surpluses. In response, the authorities in 2015 launched a reform program aimed at: (i) ensuring long-term fiscal sustainability and intergenerational equity and (ii) fostering economic diversification by improving the business climate. These reforms have started to bear fruit, as growth has begun to rebound and inflation has returned to positive territory.…