The program loan with ADB loan amount of US$350 million was approved by ADB on 26 June 2012. The loan agreement was signed 04 July 2012 and became effective 16 August 2012. The program will support the government's key reform priorities aimed at employment generation by increasing competitiveness in the economy using an inclusive approach through the labor market. The structural reform priorities include efforts to enhance the business climate by promoting competition policy, regulatory efficiency, competitive logistics, and private sector participation in infrastructure through public private partnership (PPP) projects. Subprogram 1 supports the government's efforts in improving competitiveness and inclusiveness in three outputs: (i) structural policy reforms to the economy, (ii) creating an efficient market for infrastructure projects through PPP projects, and (iii) promoting competitive labor markets. All 25 policy measures required for subprogram 1 have been fully accomplished.
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