Structural Reforms

Structural reforms refer to significant changes made to the policies, institutions, and rules that shape an economy. These reforms aim to improve efficiency, productivity, and growth by addressing underlying issues such as labor market rigidities, outdated regulations, or weak governance. Examples include simplifying tax systems, improving public services, and enhancing competition in markets. By realigning economic structures, these reforms seek to create a more favorable environment for businesses and investors, ultimately leading to higher economic performance and better living standards for individuals in society.