The visit, according to rumors, was made in order to meet program objectives and budget targets set by the IMF regarding Chinese debt and power purchase agreements with Chinese enterprises. It would be an understatement to say that the administration has great challenges in creating its budget. Conversely, it needs to strike a balance between the public’s expectations of relief and the strict demands of the IMF. The finance minister and prime minister have repeatedly stated that they are committed to implementing the necessary structural changes as part of the new IMF program. Many doubt that they will be able to translate their statements into clearly defined budgetary actions.

Source: The Patriot June 11, 2024 02:17 UTC