Balance of payments records small deficit. End-of-year inflows reversed large shortfall

The balance of payments (BoP) has registered a deficit of $156 million in 2017 compared with a surplus of $1.24 billion in the previous year.

The deficit remains much lower than the annual average deficit of $1.88 billion recorded over the period 2011-2015.

The 2017 annual deficit was caused by a decline of $1.77 billion in the net foreign assets of banks and financial institutions, which was partly offset by a rise of $1.61 billion in those of the Central Bank (BDL).

Econo...

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