6. pants

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.