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Deregulation does not mean that the government abdicates its responsibilities to protect public interest, rather it helps to create an enabling environment for investment and growth, while reducing red tape and corruption. These are critical to improve people’s quality of life and deliver healthy long term economic growth. No sector is immune from the need for structural reforms, which must be carefully orchestrated and tailor-made for each country’s specific needs. A holistic reform agenda should cover a wide range of policies including economic, administrative, political and social issues.
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