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Data on business structure, sectoral growth and exports was analysed and specialisation indexes to define priority sectors were constructed.
Moreover, much of the lending to priority sectors, by definition, is to those on low incomes.
Some 40% of loans must be directed towards "priority sectors", mainly agriculture.
Timelines were set out for completing liberalization in 11 priority sectors including auto parts, agricultural commodities and tourism by 2010.
They also have to direct 36% of loans to "priority sectors", picked by the government to help small borrowers.
To make the task more manageable, they decided to press ahead in 11 "priority sectors", from fisheries to aviation.
Similar(16)
Native forests have been targeted as a priority sector.
In India, even a priority sector like space research gets a meager0.34percentnt of the country's total annual outlay.
Three-fourths of the defense industries, the priority sector, were in Russia, and the republic accounted for about three-fourths of the Soviet gross national product.
"Construction was identified as a priority sector that creates large numbers of low and semi-skilled jobs that are typically open to the poorest people in developing countries".
"The government has proclaimed IT to be a priority sector for Armenia but to fulfil this potential we need properly trained professionals," he said.
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