Moody's

Moody’s: Government must address fiscal policy credibility

Moody’s: Government must address fiscal policy credibility

In the absence of an articulated economic growth plan, a robust national disaster risk management framework and demonstrated commitment to fiscal prudence, it is difficult to envision how the current administration will be able to address the concerns raised by Moody’s. Further, the absence of these vital elements undermines the ability of the Government to reverse the negative outlook, stave off any further downgrades of our sovereign rating or improve our existing rating.