Resource information
The report highlights how much recent
achievements, in terms of growth, and poverty reduction, owe
to the progress the country has made on a broad front of
policy issues, such as openness to trade, investment, and
competition, as well as education, and financial regulation.
Nonetheless, progress has been uneven in several fronts,
such as the need to intensify trade liberalization, and
domestic competition; to strengthen governance across
financial, corporate, and public sectors; to broaden asset
ownership, and access by the poor to both tangible assets -
land - and intangible ones, such as education. Beyond the
financial crises, the report addresses medium-term
challenges to face poverty reduction, and economic
performance, and, strengthen corporate governance, and
financial development, through financial reforms. It calls
for the provision of public goods, delivery of effective
justice, and improvement of revenue performance, through
improved fiscal consolidation to attract foreign assistance.
Among the recommendations, the need for savings mobilization
is suggested to sustain economic growth, through
diversification of savings instruments, and increased trade liberalization.
