The government has announced it would finance only 36% of a USD 157 billion investment plan from 2010 to 2014, with the private sector expected to fill the financing gap. [...] Reform labour regulation to address the problem of informality The rigid labour code provides strong protection to employees in the formal sector, thereby encouraging informal job creation and undermining labour productivity. [...] Other key priorities Ease barriers to entrepreneurship and strengthen institutions to fight corruption Despite some progress, the business environment continues to be less attractive than in regional peers. [...] Recommendations: Stick to the planned timetable to eliminate fossil-fuel subsidies and extend the commitment to electricity subsidies, while offering more effective targeted income support to the poor and those households that are most adversely affected. [...] Percentage gap with respect to the simple average of the highest 17 OECD countries in terms of GDP per capita and GDP per employee (in constant 2005 PPPs).
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- France
