As the negotiations enter their third day, the IMF team has put a special emphasis on the need for circular debt to be reduced and asked the government to improve recoveries in the power sector.

Most importantly for the public, the fund has raised the condition of putting the full burden of electricity tariffs on the public by removal of all subsidies. It has also asked the government to end pwer subsidies for the industrial sector.

The team has reportedly told the government that the circular debt problem cannot be solved unless bill collection reaches 100%. The team has also detailed its dissatisfaction with the recoveries made by all but three power distribution companies.

More to come.