ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Need for a Hybrid Proposal

Different answers about using foreign exchange for infrastructure development emerge depending on the way we define and restrict the question. But practical policy reform has to be based on the art of the possible, and a pragmatic package would adopt elements of different perspectives and present a hybrid proposal. These would include increasing public investment in infrastructure along with a sharp reduction in tariff rates, a pro-competition infrastructure policy, a professional and independent regulatory framework and institutional reform of public infrastructure monopolies.

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