Economic growth is a powerful instrument for empowering people and reducing poverty in the developing world. It is essential for creating jobs and market opportunities for people to support their families and build more sustainable futures. However, many developing countries face particular challenges and threats to achieve and maintain sustainable economic growth because of weak institutions, high unemployment, poor infrastructure for key public and private services (education, health, security, transport, water and energy), also a severe lack of access to financial services and unsuitable laws and regulations.
https://www.gov.uk/government/policies/helping-developing-countries-economies-to-grow