Improving Domestic Resource Mobilization for Inclusive Growth Program

Continuing TA support is required to ensure the sustainability of the program, especially to enhance domestic savings (output 3), and the increased mobilization of private resources focused on mobilizing private savings (output 4). Private savings through pensions and a more developed capital market will mobilize long-term finance. These reforms, however, are long-term in nature involving legislative changes and institutional strengthening. Capacity building is required to assist government in this endeavor, and to support more knowledge-intensive solutions and analytical work since these sectors are likely to be underdeveloped.