A delegation from the Washington-based organisation was here on an eight-day biannual visit to consult government officials on the health of Asia's third-largest economy.

"While we expect a recovery, it is still in the early stages and we don't know if (the recovery) will happen," said Joshua Felman, assistant director of the fund's Asia-Pacific department, who led the six-member team.

Citing future risks, he recommended for the government to push ahead with creating the much-talked-about supplementary budget.