4. Pro-poor growth/macro-economic policy
In pursuit of the above poverty reduction objectives, supporting measures will be needed in four strategic areas. First, the Government will continue to maintain sound macro-economic policies and intensify the implementation of reforms aimed at bolstering market efficiency, notably in agriculture and raising factor productivity. Second, while the budgetary expenditure will continue to be restrained because of macro-economic considerations, special efforts will be made to channel the limited Government resources toward the support of key programs and social services under the poverty reduction strategy. Third, the Government will put increased emphasis on reforms aimed at promoting export-oriented expansion and diversification of the "pro-poor" sectors with a view to enabling the poor to share increasingly in the benefits of globalization. Fourth, efforts will be made to raise steadily investment as a percent of GDP from 15 percent to approximately 17 percent, including through initiatives focusing on bolstering private investment in the cultivation of traditional and new crops, small and medium sized enterprises and informal sector activities.
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