domestic saving. Overall, policies should help reduce the risk of disruptions in capital flows as monetary policy stimulus is …

menu of saving instruments. Improvements in the business environment would spur foreign direct investment, making for … competitiveness problems and a dearth of domestic saving. They need to be addressed using both macroeconomic and structural policy … balanced growth through strengthened competitiveness and greater private saving calls inter alia for increased labour force …

investment. Stepping up structural reforms will also be necessary if double-digit growth rates are to be achievable over the … improving in key sectors, partly thanks to greater private investment, bottlenecks endure and efforts to intensify competition … and ensure continued strong investment are required. Labour market reforms are also required to promote job creation …

pays, thresholds are set to be raised considerably. A goods and services tax is to be introduced, which should help reduce … the segmentation of the national market for goods and services. Customs duties have been reduced on average but remain …

addition, currency stability and expansionary money supply (M1) growth are other concerns of the BSP, though significantly so …