Growth will be led by capital spending of the government in the first half of the year, and by private investment later in the year conditioned on positive reform momentum. Private investment is fairly pro-cyclical and should therefore improve as public sector infrastructure spending accelerates and the overall growth outlook improves, in my view. 22.
–  Third, the appropriate definition of property rights and certainty in enforcement of contracts will be strong building blocks of a deepened financial sector. It is therefore important and complementing to explore the widening of the membership of the committee to include the various players represented here today.