DRN’s eye-opener presents a positive economic outlook for 1995-1996 but with a “let’s hold off the rejoicing for now� tone. This article cites the government’s success in enticing investments into the country. This in itself is good news. But since economic realities hardly exist in a vacuum, even such good news has its gray areas. Take the peso appreciation caused by the surge in capital in the last months. The government’s financial managers may have to do a balancing act. The authors tell us why.