6. Article

Notwithstanding the strong economic activity to date and the successful implementation of the program, significant risks remain to our continued economic advancement. These mainly emanate from the still large external current account deficit and the current uncertainties surrounding the world economy. Our economic program for 2002 and over the medium term aims at limiting these risks through strong macroeconomic policies-including by moving toward a balanced budget over the medium term-and proceeding with our structural reform agenda so as to preserve FDI inflows and create an environment conducive to private sector activity. These efforts will be underpinned by maintaining our successful exchange rate peg to the SDR. We recognize the need to closely monitor external developments, and stand ready to further tighten policies as needed to maintain the sustainability of our external position and to support the exchange rate peg.