Latest Brunei Report 2016 by International Monetary Fund
The International Monetary Fund posted their latest Article IV Consultation report on Brunei Darussalam. You can read it here . +++++ IMF Executive Board Concludes 2016 Article IV Consultation with Brunei Darussalam September 26, 2016 On September 2, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the 2016 Article IV consultation 1 with Brunei Darussalam. Brunei Darussalam has responded to sharply lower oil prices by launching policy reforms to transform its oil and gas-dependent economy. While the country is able to absorb the oil revenue slump for several years by drawing on buffers built over the past decades, the authorities have begun a process of structural reforms to reconfigure the government towards enhanced economic performance, combined with fiscal adjustment to ensure long-term sustainability and intergenerational equity. Real GDP in 2015 registered a smaller decline than in the preceding two years. Oil production, in particular, has been re