With the help of the IMF's experience and guidance, we developed the
initial designs for the economic restructuring deemed essential, and
started to set things in motion,
The following measures, among others, were adopted: - Managed floating rate for foreign
exchange management - Government deposit guarantee - Tight liquidity monetary policy -
Budget surplus to absorb implicit finance sector restructuring cost
Financial restructuring through setup of FRA and
strengthening banking sector by recapitalization and
management of NPLs etc.
Then again, another Government came into power