The Central Bank Governor, Héctor Valdez Albizu, told newspaper reporters that if the fiscal and monetary policies continue on the present track, the country is destined to experience yearly growth rates of over 5 percent and single digit inflation.
The official says that the Central Bank has forecast sustained economic growth and an end-of-year inflation of between 7 to 8 percent.
Furthermore, Mr Valdez emphasized that unlike in previous years, this time the Central Bank will use its own robust foreign exchange reserves to meet its debt payments without having to resort to the IMF for financial support.