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Economic Reforms

Economic and Financial thematic area is concerned the thrust of the recommendations of the stakeholders at various consultative fora can be catalogued as follows:

Ensuring genuine meritocracy, credible accountability structures and processes, transparency, functional institutions, effective oversight and checks and balances in government and all public institutions.
Stakeholders want tight controls in place in government and state owned enterprises operations and their meticulous implementation.
Public financial expenditure is expected to prioritize developmental and social welfare activities.
Stakeholders have identified procurement in government and in state owned institutions as fragmented, lacking uniformity, full of loopholes that allow corruption and nepotism and thus resulting in bias and undue exclusion.
The consequence being payments above standard market prices for mediocre results. The system calls for immediate radical reform. It is to be replaced by a credible, centralized system with harmonized standards that meet exemplary norms.