So the protesters wanted PM Mahdi to resign…which he did, but the result will cause delays in reforms. New formation of GOI will take at least a few months, delays in passing laws also. The end result is a 6 month to 1 year delay in my opinion of implementing economic reforms and creating a private sector. And as usual, parliament loves to have a distraction rather than focus on what they should be doing…which is passing laws…the facts don’t lie. Until the laws are passed and stability exists nobody is coming to invest. And until they have significant investment, the CBI will not begin currency reform.
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