Policy reforms involve deliberate changes to existing policies or the introduction of new policies aimed at improving governance, economic stability, or social equity. These reforms are essential for adapting to changing circumstances and addressing systemic issues within institutions or systems.
Governance refers to the frameworks, processes, and systems by which organizations, institutions, or societies are directed, controlled, and held accountable. It encompasses the mechanisms through which power and authority are exercised, ensuring transparency, accountability, and stakeholder participation in decision-making.