The authorities’ prompt policy response over 2008–10 helped to cushion the economy from the impact of the global crisis and supported an economic recovery in 2010, says Executive Board of the International Monetary Fund (IMF). The fiscal stimulus packages combined with monetary easing and various measures aimed at preserving private sector jobs contributed to the rekindling of growth to 4 percent in 2010. The policy measures included in the 2011 budget reflect the authorities’ intent to diversify exports, restructure and deleverage enterprises, accelerate public infrastructure investments, and improve the regulatory environment.