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Private Sector Development Strategy : The strategy

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Country-specific strategies

The stage and status of private sector development differs widely among the DMCs. Thus, while the strategic actions proposed in the strategy are designed to be applicable across the region, they have to be tailor-made at the country level to meet the diverse conditions and changing needs of individual DMCs and to maximize the contribution to growth and poverty reduction. Country-specific PSD strategies will be formulated within the framework of the PSD strategy and as an integral part of ADB’s operational strategy for individual DMCs. Depending on the country setting, the country strategy for PSD may require:

1. a primary focus on facilitating the emergence of domestic entrepreneurs by supporting related microenterprises and SMEs; or
2. support for rural nonfarm enterprises or agri-business; or
3. formulation and implementation of programs to support privatization and financial sector reform; or
4. assistance with broad-based reform of enterprise ownership and private property laws, particularly in the transitional economies.

Special consideration will need to be given to the small size of the Pacific DMCs and the great distances between them. A theme that is likely to run through all country strategies for PSD is improving the legal environment and the governance regime.

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