Making Markets Work Better for the Poor (TA - 4th Supplementary)
Viet Nam achieved remarkable economic and social progress during the 1990s, halving poverty between 1990 and 2000. Building on previous high levels of human capital and social development, progress was largely a result of the shift from a centrally planned- towards a more market-oriented economy, particularly in the agriculture sector, coupled with the equitable distribution of assets (particularly land) and macroeconomic stability. Cambodia and Lao PDR experienced a similar transition and made steady progress in their pursuit of reforms, albeit at different levels. While Official Development Assistance (ODA) programs in these countries place high priority on poverty reduction, they were not necessarily equipped with appropriate project design and accompanying policy measures which utilize markets and associated institutions. The opportunity had come, therefore, to capitalize on market-based and pro-poor growth in Cambodia, Laos and Viet Nam (CLV), as broadly outlined in their respective national poverty reduction strategies. Against this background, a regional technical assistance (RETA) was proposed to consolidate the market-based pro-poor growth in CLV by fostering applied research and analysis; taking stock of recent pilot experiences, both in-country and best practices abroad; and translating the findings into concrete recommendations for further, more specific market-oriented reforms and improved design of ODA operations.
Progress (as of March 2021)Project closed