Pakistan’s nationalization program in the 1970s led to significant government ownership of companies and parastatal bodies across all economic sectors. Recognizing the limitations of this setup, the government started privatizing selected entities in the 1990s. Still, as of 2014, it owned 191 public sector enterprises (PSEs), some of which were profitable, while most were struggling to make p
On 27 May 2016, the Asian Development Bank (ADB) approved a single-tranche policy-based grant to the Solomon Islands for the Economic Growth and Fiscal Reform Program.
Strong economic growth, driven by years of economic reforms and the country’s vast mineral wealth, supported Mongolia’s rise to middle-income status in 2011. It also bolstered fiscal revenues and allowed the government to strengthen its social welfare programs, which were crucial for inclusive development, as the mining sector that comprised the main driver of growth provided less than 4% of e
Nepal’s transition to democracy, following the end of a decade-long civil conflict in April 2006, had been complex and sometimes halting because of the deep ideological, social, and economic divisions that propelled the conflict.
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