The figures, published on Tuesday, compare with a contraction of 2.1 percent in the same period a year earlier. Economists expect inflation to ease into single digits by year end if the exchange rate holds.
Economists expect inflation to ease into single digits by year end if the exchange rate holds. Investors have been watching the negotiations closely, with yields on the 2030 notes narrowing by 40 basis points this week.
The wider picture
Regional peers have moved faster, and the gap is becoming harder to ignore, one former adviser said. The figures, published on Tuesday, compare with a contraction of 2.1 percent in the same period a year earlier.
“The numbers are moving in the right direction, but the margin for error is thin.”
The programme includes technical assistance from the World Bank and a monitoring framework agreed with donors. Officials say the measures could take effect before the end of the quarter, although parliament has yet to schedule a vote.
A spokesperson declined to comment on the size of the facility, citing ongoing discussions with creditors. Remittances remain the single largest source of hard currency, accounting for roughly a fifth of national income.
Background
A spokesperson declined to comment on the size of the facility, citing ongoing discussions with creditors. Regional peers have moved faster, and the gap is becoming harder to ignore, one former adviser said.
