As often happens in countries with a long history of relatively high inflation, these expectations are in part adaptive – that is, private economic agents are often sceptical about the authorities’ ability (and, possibly, willingness) to keep inflation low, because their experience indicates otherwise.
Indeed, it revolves around embracing good corporate governance that sets the rules and practices that govern the relationship between managers and shareholders of corporations, as well as stakeholders like the public, employees, pensioners and local communities while at the same time ensuring transparency, fairness and accountability.