This tension between encouraging more effective policy by guiding private-sector expectations while, at the same time, avoiding policy being unduly affected by the very same private-sector expectations, in my view, was central to the Fed's decision in January 2000 to change the way it communicated to the market.
Overall macroeconomic management During the construction phase of the LNG project, the Government should adhere to the parameters of its annual budgets, and prioritise its expenditure so as not to compete with the private sector on the limited resources within the country, especially in areas of construction, civil works, earthmoving and other infrastructure developments.