According to the bank website, the objectives of this project are to: (i) foster de-monopolization and anticorruption institutions; (ii) strengthen land and credit markets; and (iii) bolster the social safety net.
Pillar 1 measures promote competition and facilitate much-needed investment in a key sector of the economy (inland waterways), and strengthen oversight of a key anticorruption agency NACP); pillar 2 measures support adoption of safeguard legislation needed to ensure well-functioning, transparent and inclusive agricultural land markets and access to finance by small farmers; Pillar 3 measures support increased predictability in pension benefits for the elderly, for whom pensions are a key source of income, and for whom vulnerability to the health and income impacts increased significantly with the COVID crisis.
Ministry of Finance
GOVERNMENT COMMISSIONER FOR PUBLIC DEBT MANAGEMENT
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