The commitments in the letter:
* Freeze salaries of government workers for the rest of the year.
* Reduce the fiscal and quasi-fiscal deficits to 1% of the gross domestic product in 2003 and by 2% in 2004.
* Dissolve the Baninter Group and its properties as soon as possible and pay depositors.
* Improve supervision of commercial banking.
* Adjust spending on government projects to a level that does not exceed 5.1% of the GDP for 2003.
* Work towards the unification of the exchange rate.
* Work with international financial organisations in order to produce a fiscal reform package for 2004.
End of preview - This article contains approximately 331 words.
Subscribers: Log in now to read the full article
Not a Subscriber?
Choose from one of the following options
