The IMF stands ready to contribute to this process. Of course it is. Indeed, the progress to date is significant, despite the fact that the mixed signals about it have muddled the issue. Therefore, progress that is both steady and clearly focused is of the utmost importance. After numerous high-level discussions, here is my assessment of the situation.
Interest rates are within an appropriate range.
Furthermore, the Central Bank has reined in inflation with clearsightedness and perseverance. Stable and decontrolled prices are thus within reach. However, this monetary policy should be maintained and care taken not to lower interest rates too soon. Rate reductions should be postponed until inflation has been largely eradicated, and not be triggered by the first signs of its slowing down. Institution-building comes next.