Economic Policy
Countries with open competitive economies tend, on average,
to experience more rapid growth, and do so without necessarily
sacrificing goals relating to poverty reduction or income
distribution. In such economies, the private sector is typically
the principal engine of growth. However, the public sector,
or government, has a key role to play—namely, that of
providing an environment of policies, regulations, institutions,
and overall economic governance which “enables”
the private sector to flourish and grow.
USAID works in a variety of ways to help developing and transition
countries strengthen economic policies and governance and
hence the enabling environment for private sector-led growth.
Specific interventions include:
- Technical assistance to support the design and implementation
of key macroeconomic reforms including: money and banking
policy; fiscal policy; trade/exchange rate policy; and national
income accounting, measurement and analysis.
- Technical assistance to support the design and implementation
of reforms relating to key sectors such as labor, energy,
telecommunications, transport, and industry.
- Support for strengthening key economic institutions such
as ministries of finance, central banks, departments of
statistics, and for relevant public and private associations
that promote reform. More
on the role of institutions in promoting economic growth.
- Support for policy-related studies and research, and training
of key economic decision makers.
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