...Institutional and economic profile Flexibility and performance profile Policymaking effectiveness remains weak, in S&P Global Ratings' view. + Policy predictability and effectiveness, administrative capacity, and debt payment culture remain weak. + Under the current production scenario, and following now-resolved technical issues in 2019, oil-related real GDP growth will peak in 2020. + Non-oil growth will only gradually pick up over the next few years and will be contingent on reform implementation, notably related to domestic arrears clearance and business environment improvements. Despite substantial improvement, external and fiscal vulnerabilities persist. + Under the current production scenario, downward pressure on external balances will increase from next year; however, the IMF program signed in 2019 and support from other development partners will help consolidate and restore external and fiscal positions. + We expect the authorities to reach an agreement on oil trader debt, allowing...
