Policy towards private enterprise and competition
2018-19: Funding for small and medium-sized enterprises (SMEs) through state-run banking institutions will continue.
2020-22: The favoured system of public-private partnerships will provide some limited investment opportunities in road-building, energy and tourism. However, wrangling over terms will continue to delays the granting of concessions.
Policy towards foreign investment
2018-19: Policies to attract foreign direct investment remain in place, but there will be prioritisation of local SMEs.
2020-22: US development aid will increase owing to initiatives to tackle emigration and drug-trafficking. A new government in 2019 will give fresh impetus to securing investment, boosting ties with the US, the EU, Brazil, Colombia and China.
Foreign trade and exchange controls
2018-19: Regional integration increases as regional, EU and US-backed initiatives to cut red tape ease obstacles to trade.
2020-22: Drive to expand trade links with the EU and other Latin American and Asian economies continues.
2018-19: Tax revenue growth slows as reforms stall, but measures to reduce domestic evasion will boost revenue.
2020-22: The government will develop a fiscal responsibility framework with the IMF that will bring greater certainty to future tax policy. A new stand-by arrangement with the Fund will be avoided in order to prevent accompanying austerity measures.
2018-19: Global instability and high domestic premiums keep credit growth slow, and interest rates above global averages.
2020-22: Persistent but declining security concerns will continue to add an extra risk premium on borrowing rates. Bank lending will rise for medium- and longer-term financing.
The labour market
2018-19: Migration to the US slows as tougher US immigration policy takes effect. Skilled labour remains scarce and increased government intervention in labour relations is likely.
2020-22: Efforts to create jobs under development initiatives will be offset by tepid growth and a slowdown in 2020.
2018-19: Delays continue in kick-starting major port redevelopment. Road redevelopment continues under public-private funding initiatives. Emphasis on improving rural roads. Access to foreign funding constrained by concerns over sovereign risk
2020-22: Airport redevelopment gathers pace and work on the country's fifth hydroelectric plant is completed.
2018-19: Investment in 4G mobile spectrum will widen the reach of Internet connectivity and lower costs.
2020-22: Plans to increase the renewable energy supply, focusing on solar and wind power, will advance.