The chief objective of this Strategy (GN-1969-4) is to guide efforts to support the restructuring and reform of the energy sector in the borrowing countries so that these sectors can develop in a way that is economically, financially, environmentally, socially and politically sustainable. The following aspects will be highlighted: 1) The linchpin of the new strategy is support for the development and consolidation of the sector reforms undertaken over the past ten years by countries in the region. 2) The strategy seeks to provide comprehensive support for the development of new energy markets emerging as a result of the reforms. 3) The strategy is based on an overall approach to energy problems that addresses supply and demand. 4) The strategy provides experimental use of new instruments to support the development of future energy markets through programs that recognize the uncertain nature and importance of the process, as well as the importance of the learning process in new areas.
