1. Abolition or liberalization of foreign-exchange and import controls
2. Devaluation of the official exchange rate
3. A stringent domestic anti-inflation program consisting of (a) control of
bank credit to raise interest rates and reserve requirements; (b) control of
the government deficit through curbs on spending, including in the areas
of social services for the poor and staple food subsidies, along with increases
in taxes and in public-enterprise prices; (c) control of wage increases,
in particular abolishing wage indexing; and (d) dismantling of
various forms of price controls and promoting freer markets
4. Greater hospitality to foreign investment and a general opening up of the
economy to international commerce