ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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further. For 1994-95, the gap is estimated at $ 4.3 billion. But are these projections realistic? Will export earnings improve as projected and imports remain compressed at the assumed levels despite the trade and tariff reforms IMF/World Bank con- ditionalities would oblige the country to pursue? Even the present report speaks not only of the need to 'deepen' the structural reforms but also of how inadequate the measures undertaken so far in the field of tariff reform are compared to what, in the Bank's judgment, requires to be done.

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