Real GDP growth was projected to stay relatively strong at 4.1 percent in 2015, despite the sharp decline in oil prices that was starting to have an impact. A sizable public investment budget, strong credit growth to the private sector, and robust private consumption were expected to support activity. Growth was expected to decelerate to 3.5 percent over the medium term, as the full impact of the new commodity price normal was felt and given impediments to enhancing private investment. The fiscal deficit was projected to widen and the current account balance to swing into deficit in 2015, and twin deficits are expected to persist over the medium term. The authorities were finalizing a 5-year development plan (Plan Quinquenal), including public investment projects in a number of areas to catalyze growth.