IMF warned that, the risks to this outlook are considerable and a prolonged impasse in the peace process - resulting from the ongoing political instability - could hold back private investment and delay donor financing. They noted it could divert increasingly the government's attention from economic to political issues, thus slowing the reform momentum. These factors could depress growth, raise the fiscal deficit and domestic financing, and keep reserves at a vulnerable level if donor financing is reduced. Commenting on the upside the IMF pointed out, if power and infrastructure bottlenecks are reduced, tourism, shipping, and telecommunications could expand much faster than anticipated, thus bolstering economic growth. Published: Fri Mar 12 21:53:32 EST 2004