The program aimed to expand and diversify the private sector through an improved business environment where the private sector operates efficiently and effectively. The planned outputs of the program included (i) increased competition in the domestic market and improved regulatory efficiency; (ii) improved investment climate; and (iii) strengthened trade policy and facilitation. The program utilized a cluster approach consisting of three subprograms and reforms in macroeconomic stability, investment climate, and trade policy and facilitation. It was designed to maintain macroeconomic stability necessary for private sector development and growth by continuing to make progress toward price stability through prudent fiscal policy, improving the investment climate, enhancing the environment for competition and innovation, and institutionalizing a regulatory impact assessment within the government. The program included policy reforms aimed at reducing transaction costs and risks in Cambodia. It also targeted improving trade policy and facilitation by renewing trade policy reforms and by strengthening sanitary and phytosanitary standard management systems and customs reforms.
This report validates the completion report's assessment of the program. IED overall assessment: Successful.