According to him, this would range from measures as diverse as boosting competition among firms, making it easier to start a business, to rules on hiring and firing and investing in human capital and education.
“Perhaps the most pressing need right now, however, is a rapid and well-organized cleanup of the banking system so that credit to the real economy flows efficiently,” he said.
Gorchi added that the IMF can help primarily by working with the authorities to create first rate macroeconomic institutions, frameworks, and policies—key ingredients in their reform process.
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