The current account deficit is expected to widen to 5.0% in 2013 and then narrow slightly to 4.8% in 2014 (Figure 3.6.8). Despite declines in aluminum and cotton, total exports should rise because of ...
gains in agricultural products, electricity, and textiles. Imports should also increase,
because of rising remittances (Figure 3.6.9). Foreign direct investment
inflows should continue to rise gradually, in line with ongoing reform. Most
investments will likely involve several large infrastructure projects. External
debt is forecast to reach 32.5% of GDP at the end of 2013 and 32.8% a year
later. Reserves are expected to rise to $762 million by the end of 2013 and
$862 million a year later, equivalent to less than 3 months of imports.
Sources: International Monetary Fund. 2011.
Country Report No. 11/130. June; 2012.
Country Report No. 12/110. May.
http://www.imf.org; ADB estimates
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