More reforms need to be adopted

BOTH the International Monetary Fund (IMF) and World Bank, in their regular reporting on our country, have made encouraging forecasts about our economic prospects, stating that the GDP growth momentum will continue into 2018 on the back of world economic recovery, strong export performance and expanding domestic demand from the private and public sector.

They attribute this favourable outlook to the good policies which the Government has implemented, including the introduction of GST and removal of wasteful expenditures on fuel subsidies.