This report proposes a strategy topromote growth, and poverty reduction through exportdevelopment. It supports the strategic directions of theInterim Poverty Reduction Strategy Paper (I-PRSP), stressingthe importance of improving economic governance, and theenvironment for investments, for an active participation inthe world economy. The report reviews the performance oftrade policies, and exports in the 1990s; discusses the newmarket opportunities; presents the outlook for theinternational economy; and, proposes a sequenced strategyfor launching an export drive that would lead to highergrowth. The report's main conclusion is that while theeconomy has responded well to stabilization measures, and isopening up, it still has a long way to go. Reforms toincrease exports must be broad based - that is, extend wellbeyond trade, and investment liberalization - to include theregulatory framework, the quality of supportinginfrastructure, and the overall economic governance.