How can BOP be improved?

The Balance of Payments (BOP) can be improved by enhancing export competitiveness through investments in technology and skill development, which can lead to increased foreign exchange earnings. Additionally, promoting tourism and attracting foreign direct investment (FDI) can help bolster the current account. Implementing sound fiscal and monetary policies to stabilize the economy can also improve investor confidence and reduce capital flight. Lastly, fostering trade agreements can facilitate better access to international markets.