World Bank Document

distinct development challenges.  First, SOEs’ dominant role in the economy creates institutional 

obstacles to competition in the marketplace and fragments business regulation. Second, SMEs’ 

lack of access to finance, information on business opportunities, and entrepreneurial skills, 

combined with a heavy regulatory burden, comprise an institutional environment that is not 

conducive to SME growth and development. Finally, poor access to information on government 

policies and performance, centralization of decision-making and insufficient delegation, absence 

of results-based management in public service delivery, and insufficient skills of public officials 

all need to be addressed to reduce institutional barriers to growth. 

 

23. 

 Finally,  the SCD identified ten issues that would need to be addressed if the 

government is to achieve its goal of achieving upper-middle-income status by 2030.  In order 

to prioritize policy and investment actions, these issues were organized according to their potential 

impact on the WBG’s twin goals of poverty elimination and shared prosperity. Six filters were 

then applied to prioritize actions, as follows: (a) the magnitude of their impact on the twin goals; 

(b) their reform potential; (c) the time horizon of their impact; (d) the links with preconditions for 

a productive life; (e) the complementarities with other actions; and (f) the adequacy of the evidence 

base.

6

  Applying these six filters, the following sets of priorities emerged: 

 

  Those that ranked highly on at least four filters, i.e. with potential for significant