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Diversification Roadmap – Triple 7 Strategy and Seven Year Plan

The sharp fall in oil and gas prices from mid-2014, combined with falling production of both crude oil and natural gas, precipitated the emergence of large fiscal and current account deficits and caused contraction of both the Energy sector and consequentially, the Non-Energy Sector from 2015.

These developments have required the monetary and fiscal authorities to pursue adjustment policies which have involved expenditure reduction, moderate exchange rate adjustment, increased taxes and removal of some subsidies.

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Diversification Roadmap – Triple 7 Strategy and Seven Year Plan

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