We still have huge infrastructure deficiencies to fix; insecurity of lives and property to be solved; deal with huge urban unemployment emanating from the demographic structure and failure of development at the lower levels of government; provide housing and mortgage system; address the educational crisis and scale up rapidly on science and technology; continue to upgrade our capacity in agriculture; promote trade and integration with the rest of the world; drastically reduce the cost of doing business and build competitive advantages.
This was against a backdrop of increased instability in the global financial markets, with uncertainty around the timing of the increase in U.S. interest rates, coupled with pressures from China’s financial markets and the debt crisis in Greece.