Economic and Financial Reform Program

Benefits of dialogue and tight focus. The tight focus of the EFRP (Economic and Financial Reform Program) and the ADB policy matrix has helped to strengthen ownership by the government. The CEWG (core economic working group) policy dialogue contains three main elements: (i) discussions on the design and implementation of the EFRP policy matrix, (ii) regular CEWG meetings, and (iii) the annual joint review missions. Policy dialogue was anchored on the EFRP matrix with its objectives of strengthened PFM, budget reform, and economic growth. The CEWG has made an important contribution to harmonizing dialogue around a narrow set of issues and reducing transaction costs.