However, it is worth remembering how surprisingly well the CB and government managed the macro economy in the potentially disastrous period from 1998 to 1999, when foreign credit was completely off the agenda. Prolonging the credit drought might just force the government to finally start restructuring the economy and take long-term measures to improve the investment climate. If capital flight can be halted, this resource-rich country will not longer have to carry its begging bowl to international creditors. The information contained herewith is based on information made available to the public and is for information purposes only. Information sources are deemed reliable by RMG Securities, however RMG Securities abstains from any liabilities determined from the information herewith.
Analysis is based on dated market information and is subject to change.