There is no doubt the government will have to borrow to finance the salaries and this is destructive economically.

They (IMF) will be very concerned with the upsurge of inflation. The other problem will be that the government still maintains 18 products under price controls.

We are now working with the Federal Property Ministry, Finance Ministry, and the government apparatus. I think our proposals will be ready in April.

The message should be to encourage foreign investment and they (investors) will obviously not be encouraged by these moves.

Greater expectations of foreign currency generation from the manufacturing and the mining sectors will help narrow the gap but not close it.

Will the government really hit the brakes? I doubt it. Much of the investment is following government instructions. It's in second- and third-tier cities. This is what the government wants. They've regained solid control over inflation.