cal ▁adjust ment ▁in ▁view ▁of ▁a ▁government ▁def ic it ▁of ▁ 1 6 % ▁of ▁G DP . ▁In ▁November ▁ 1 9 8 9 ▁agreement ▁was ▁reached ▁on ▁yet ▁another ▁stand by ▁with ▁the ▁IM F , ▁but ▁again ▁the ▁arrangement ▁was ▁ended ▁prem ature ly , ▁followed ▁by ▁another ▁bout ▁of ▁hyper - infl ation , ▁which ▁reached ▁ 1 2 , 0 0 0 % ▁per ▁year . ▁ ▁After ▁the ▁collapse ▁of ▁public ▁enter pr ises ▁during ▁the ▁late ▁ 1 9 8 0 s , ▁priv at isation ▁became ▁strongly ▁popular . ▁Men em ▁priv at ised ▁almost ▁everything ▁the ▁state ▁owned , ▁except ▁for ▁a ▁couple ▁of ▁banks . ▁In ▁terms ▁of ▁service ▁there ▁were ▁ind is put able ▁improvements . ▁For ▁example , ▁before ▁the ▁tele phone ▁priv at isation , ▁to ▁get ▁a ▁new ▁line ▁it ▁was ▁not ▁unusual ▁to ▁wait ▁more ▁than ▁ten ▁years , ▁and ▁apart ments ▁with ▁tele phone ▁lines ▁carried ▁a ▁big ▁prem ium ▁in ▁the ▁market . ▁After ▁priv at isation ▁the ▁wait ▁was ▁reduced ▁to ▁less ▁than ▁a ▁week . ▁Product ivity ▁increased ▁as ▁invest ment ▁modern ised ▁far ms , ▁fact ories ▁and ▁ports . ▁However , ▁in ▁all ▁cases , ▁there ▁were ▁large ▁out l ays ▁of ▁employees . ▁In ▁addition , ▁the ▁process ▁of ▁priv at isation ▁was ▁sus pected ▁of ▁cor ruption ▁in ▁many ▁cases . ▁Ult imately , ▁the ▁priv at ised ▁enter pr ises ▁became ▁private ▁( r ather ▁than ▁public