The large burden of private sector debt remains unresolved. Corporate distress is widespread. Large segments of the banking system continue to incur losses.
Output is still at unacceptably low levels.
Poverty has increased sharply. This is no time for complacency. Nurturing a recovery will require steady and determined economic reforms, placing a premium on policy continuity as the country goes through political transition. The report highlights three policy priorities for the short term and three for the medium term. The concern now is to install adequate safeguards to ensure that resources are targeted adequately and reach the intended beneficiaries.