Monday, June 29, 2009
The Second Stage of Reform is due . The expectation on the Budget 09-10 is a change of direction in reform, which is self directed, and not by direction of IMF structural adjustment (which was the case of 1991 reforms) . The mandate is clear on that.
There is a need of more synchronicity in Investment strategy to make it transformational . Below the three important changes in strategic direction which could be transformational.
1. Clear Investment Policy
2. Strong Institutional Mechanism
3. Low Entry Restriction