One year into its tenure, the interim government has a record of stark contradictions. While it successfully pulled the economy back from the brink of collapse, it has profoundly failed to restore the confidence of investors, leaving the economic future in a state of vulnerable uncertainty.

The administration can point to clear successes. It reduced the rampant corruption of the previous regime, stopped the freefall of foreign exchange reserves, and bolstered inflows of remittances through tighter financial monitoring. Stubbornly high inflation has also begun to ease. However, a deep crisis of confidence is crippling the economy. Both economists and business leaders agree that the investment climate is bleak. Private investment has stagnated, with credit growth dropping to a multi-year low and imports of capital machinery declining. This has led to slowing industries and rising unemployment.