Brunei's Economy on the Rebound
The Oxford Business Group on 21st July 2011 had this report on Brunei. This is based on a report issued by the IMF which you can read here . +++++ Brunei Darussalam: Economy on the rebound Brunei Darussalam’s economy has been given a clean bill of health by the International Monetary Fund (IMF), with the agency praising the prudent economic management exercised by local authorities, as well as the efforts to reform and liberalise the financial sector and reduce the dependence on oil and gas as the nation’s main revenue earners. The Fund and other analysts have also said more still needs to be done to foster private sector development and improve the overall business environment. In its latest report on the Sultanate, released in mid-June, the IMF said that many of the key economic indicators were performing well, with GDP rebounding in 2010 after two years of decline, the country’s current account surplus also well into the black and inflation under control. The report predicted that G...