The minority government of AP, with a standby agreement with IMF, prepared the structural adjustment programs (SAP) known as ‘24 January measures’. The main policy recommendations included: Removing state control over interests and prices and increasing competition for state enterprises, avoiding the destabilization of the economy through making arrangements to cope with inflation and external debt accumulation, shifting from import substitution to an export promotion strategy and import liberalization, concentration of public investment on the energy and transportation infrastructure rather than manufacturing.