Completing the national cadastre and eliminating the chronic obstacles to the efficient and speedy delivery of justice are fundamental prerequisites for a well-functioning state, as are the efficient deployment of human resources and a transparent staff appraisal framework that rewards productivity and work ethic. (f)  Strengthening active labour market policies and reducing the number of unemployed.
Foreign currency denominated debt, from the public or private sectors, may be an even more serious problem. Ricardo Hausmann has described it as the “Original Sin” of emerging markets, by which he meant that EMs are unable to borrow long-term in local currency, leading to debt profiles riven with currency and maturity mismatches.