The government achieved some success last week, when its restructuring proposal for small and mediumsized enterprises (SMEs) received backing from the International Monetary Fund (IMF), the multilateral lender that previously rejected the idea. However, the government has to act fast and systematically in restructuring the debts owed by SMEs, if it expects to gain from the new plan.

State Minister for Cooperatives and SMEs, Alimarwan Hanan