Careful prioritizing of reform issues facilitate better sequencing and pacing of reform measures. Reform issues are often interrelated. As such, priority actions and measures should be established. Reform measures may require careful prioritizing, especially as these entail attendant sequencing and pacing considerations. Although ADB chose to focus on fiscal policy measures, public sector, and public sector enterprise reforms were also simultaneously tackled under the program. The reforms in these areas could have been paced over a longer time with appropriate sequencing, especially for public sector enterprises since an appropriate regulatory framework was not in place that would ensure affordable services and competition. More meaningful indicators may need to be adopted to capture the effects of the policy measures over a longer period of time.
Economic and Public Sector Reform Program