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Let us link the commodities discussion we reviewed in a previous session with the one on fiscal issues we

have this week.


The IMF in the first chapter of its April 2015 Fiscal Monitor report
[http://www.imf.org/en/Publications/FM/Issues/2016/12/31/Now-Is-the-Time, see in particular the
discussion starting on page 13] argued that we should "seize the opportunity created by falling oil prices" in
fiscal terms, saying it "presents a golden opportunity".
Could you explain what exactly did they mean by that and whether or not you agree?

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