Additionally, it opens the possibility of permits to private participants in gas processing and oil refining, as well as transportation, storage, distribution, and commercialization. For electricity, the bill proposes allowing private participation in generation and sale to third parties through access to the public transmission network.
If approved, this reform may substantially boost investment for several years and reduce the costs of basic productive inputs, yielding wide benefits to the economy. Inflation and monetary policy During the last decade, monetary policy has been oriented towards achieving a three percent permanent inflation target.