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  • 2010-2014  (56)
  • International Finance Corporation  (56)
  • Washington, D.C : The World Bank  (56)
  • 1
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other papers
    Series Statement: World Bank E-Library Archive
    Abstract: This white paper aims to create awareness - among stakeholders including policy makers, utilities, and regulators of the opportunities and challenges of the rooftop solar market. It focuses on implementation options, including public-private partnerships, and discusses practical issues related to planning and implementing rooftop solar initiatives. It discusses policy and technical issues that can help stakeholders make informed decisions, especially in terms of meeting local objectives. It presents how to involve rooftop owners and the private sector in developing the rooftop solar market while drawing on current international rooftop solar experience through case studies and interviews. It offers an overview of the nascent market in India, and specifically the Gujarat rooftop solar program. For more publications on IFC Sustainability please visit www.ifc.org/sustainabilitypublications
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  • 2
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other papers
    Series Statement: World Bank E-Library Archive
    Abstract: IFC, a member of the World Bank Group, seeks to promote private sector led growth in order to support job creation and inclusive growth. In this context, an important priority of IFC in Lebanon is to support small and medium enterprises (SMEs). In Lebanon, SMEs represent 97 percent of the total formal enterprises, employ more than 51 percent of the working population, and are mostly family-owned. Supporting Lebanese SMEs is therefore an important mechanism for increasing employment opportunities, and improved access to finance for SMEs is an essential factor allowing SMEs to grow. As part of its activities in Lebanon, IFC partners with local banks and other financial institutions to (i) broaden their networks and facilitate greater outreach to SMEs; and (ii) offer innovative products that expand financing options for SMEs. Fransabank and IFC have had a long-standing relationship dating back to the 1990s. In 2007, IFC supported Fransabank under the Lebanon Rebuild Program with two facilities including a risk-sharing facility to support the bank's lending to SMEs. IFC's counter-cyclical support not only provided liquidity but also helped restore investor confidence in Lebanon and its private sector in a post-conflict situation. Measuring the impact of IFC's investment and advisory activities can be complex. With the idea of quantifying job creation through financial markets investments in Lebanon, IFC and Fransabank have undertaken this in-depth study. The key objectives of the study are: (i) to measure the job impact on SMEs from increased access to finance; and (ii) to understand the broader development outcomes facilitated by engagements in the financial sector. The results are based on a survey implemented in March 2013, which sampled 73 companies that received loans from Fransabank during 2008 and 2011. The enterprises ranged from very small to medium firms in the service, agribusiness, and manufacturing sectors across the five regions of Lebanon. While it is difficult to draw any definitive conclusions from these findings, the results validate that SMEs are vital and have the potential to contribute significantly to job creation. The findings should also encourage financial institutions like Fransabank to continue supporting SMEs through financing and other services to promote sustained job growth in Lebanon
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  • 3
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other papers
    Series Statement: World Bank E-Library Archive
    Abstract: In the boardroom, disagreements are often unavoidable - especially when the board is composed of independent minded, skilled, and outspoken directors. A board that never argues or disagrees is most likely to be an inactive, passive, or inattentive board - in other words, an ineffective board that is neither fulfilling its oversight function nor carrying out its duty of care. If boardroom disagreements and or shareholder conflicts are not dealt with properly, they can devolve into acrimonious disputes that undermine a company's operation and performance. Left unchecked and unattended, these disputes escalate quickly into public matters that can have severe, long-term consequences for the company and its key stakeholders. These disputes can lead to poor performance, scare investors, produce waste, divert resources, cause share values to decline, and, in some cases, paralyze a company. In 2012, the center for effective dispute resolution (CEDR) and the corporate governance group of the International Finance Corporation (IFC) undertook a joint project to explore the causes, nature, and methods of resolving corporate governance disputes. As part of this ongoing project, CEDR and IFC carried out a global survey. For more publications on IFC Sustainability please visit www.ifc.org/sustainabilitypublications
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  • 4
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other papers
    Series Statement: World Bank E-Library Archive
    Abstract: The ambition to reach full global financial inclusion requires that we address the challenge of delivering appropriate and affordable financial services to an estimated 2.5 billion unbanked individuals globally. One response to this challenge has involved the design of products such as microloans, low balance savings accounts, micro-insurance, and mobile money transfer that are specifically tailored to meet the needs of the often excluded low-income mass market. Delivering these products and services on a large scale, however, cannot be achieved without accessible channels that lower the cost of service and increase reach. Alternative delivery channels (ADC), defined as those channels that expand the reach of services beyond the traditional bank branch channel, have emerged as a result of innovations in information and communication technology and a shift in consumer expectations. This handbook serves as a tool for Financial Services Providers (FSPs) to increase the technical understanding of ADC platforms and to provide practical guidance on how to approach an ADC technology project. The handbook is structured as follows: 1) Chapter one provides an overview of ADCs and the technologies that underpin them; 2) Chapter two offers guidelines to develop a channel strategy, taking into account the internal and external factors that impact strategy decisions; 3) Chapter three outlines the different components of a technology platform, aiming to provide guidance on how the channel strategy can be mapped to a specific technology platform; 4) Chapter four highlights the importance of identifying requirements and outlines the steps involved in selecting the right provider and solution; and 5) Chapter five introduces a best-practice implementation methodology and key considerations for a successful implementation. In addition, the chapter discusses how a channel should be monitored, maintained and scaled up after going live
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  • 5
    Language: English
    Pages: 1 Online-Ressource (1 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: Other papers
    Abstract: This note presents practical guidance on how to implement a framework for managing fiscal commitments from Public-Private Partnerships (PPPs). It draws on specific regional operational experience and on World Bank Institute (WBI)'s wider thematic engagement with different partners worldwide. The note provides practical advice on how to: consistently identify and assess fiscal commitments arising from PPPs during project preparation and implementation; incorporate these into the project approval process, including budgeting for these appropriately; and strengthen the monitoring and reporting of fiscal commitments over the lifetime of the project. It explains the fiscal commitments that can arise from PPP projects; why governments may find it difficult to assess and manage these fiscal commitments and incorporate them into project selection; and the key components of an institutional framework to manage fiscal commitments at both the development and implementation stages of a project, including the roles, responsibilities, and processes for managing PPP fiscal commitments
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  • 6
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other papers
    Series Statement: World Bank E-Library Archive
    Abstract: IFC, a member of the World Bank Group, contributes to the World Bank mission of global poverty reduction by creating opportunities for people to improve their lives through private sector solutions. In Pakistan, IFC's strategy has focused on addressing the key challenges that affect private sector development, from investing in the infrastructure sector, including energy, to enhancing access to finance, with a view to improving the conditions for growth and employment generation. As part of its country program, IFC has focused on increasing access to finance for small and medium enterprises (SMEs), which are the backbone of Pakistan's economy as they constitute more than 90 percent of total private enterprises in the formal industrial sectors and employ over 70 percent of the labor force. Often these SMEs struggle to obtain the financing needed to grow and create jobs. For this reason, IFC has partnered with financial institutions to improve service provision to SMEs and stimulate economic development across the country. Since 2007, IFC has been engaged with HBL, Pakistan's largest private sector commercial bank, and provided financing to strengthen the bank's capital following its privatization, as well as advised on how to scale up the bank's SMEs portfolio in a sustainable manner. The objective of this study is to develop an understanding of the relationship between access to finance for small and medium enterprises (SMEs) and job creation. IFC has analyzed a sample of more than 100 SMEs that obtained loans from its client, Habib Bank Ltd (HBL), in 2009 in Pakistan, at a challenging time for the country
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  • 7
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other papers
    Series Statement: World Bank E-Library Archive
    Abstract: International Finance Corporation (IFC), a member of the World Bank Group, creates opportunity for people to escape poverty and improve their lives. The Indonesia Corporate Governance Manual (CG Manual) was commissioned by IFC as part of the Indonesia Corporate Governance Program that IFC is implementing in Indonesia since 2012. As part of this Program, IFC has established a formal cooperation with Otoritas Jasa Keuangan (OJK). A key product of this cooperation between IFC and OJK is the development of this Indonesia Corporate Governance Manual, which serves as a learning instrument to benchmark existing standards and practices in Indonesia with internationally recognized best practices. In this respect, this Corporate Governance Manual should be considered as a major tool for Corporate Governance in Indonesia as it targets a wide spectrum of stakeholders, such as directors and commissioners, academics, policymakers, corporate governance experts and more generally, individuals and institutions interested to know about the corporate governance framework in Indonesia. IFC is happy to be part of this initiative with OJK and remains committed to helping raise governance standards across the market and contribute to a sustainable private sector in Indonesia. The Fifteen chapters of the Manual focus on the key corporate governance issues. All issues are closely examined through Indonesian law and regulations and when applicable, internationally recognized best practices. While it is recommended to read the entire Manual to gain a full understanding of the corporate governance framework in Indonesia, it is not necessary to read all the chapters in chronological order. The reader is encouraged to begin with a topic of interest and follow the links and references included in the text for guidance to other chapters. Examples, illustrations, and checklists are included to make the Manual clear and useful
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  • 8
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Financial Sector Study
    Series Statement: World Bank E-Library Archive
    Abstract: The report aims to assess the current market for movable assets based lending with respect to micro, small and medium enterprises (MSMEs) in Indonesia. The sections of the report highlight the addressable demand for MSMEs and the current supply provided by various formal sources of financing in Indonesia. Traditionally, financial institutions have preferred lending against fixed asset collateral only. Using that as a starting point, the report seeks to identify the current challenges in lending against movable assets. It further extends the need for a greater financial infrastructure that can facilitate the ability of lenders to evaluate risks in movable assets based lending. This report delves into the lending challenges faced by MSMEs as well as the challenges that restrict greater supply of credit by financial institutions. It draws on data and insights based on discussions with over 70 financial institutions in Indonesia, and an understanding of the credit requirements of MSMEs - based on over 850 sample cases for quantitative data. These findings were further examined through in-depth qualitative discussions with 34 MSMEs spread across multiple regions in Indonesia. As the Indonesian economy follows a traditional model of providing credit based on fixed collateral, such as land and buildings, the study focuses on: (i) understanding the current credit demand that can be potentially addressed by movable assets to complement the traditional model, and (ii) the challenges that need to be addressed to facilitate the ensuing movable assets based lending
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  • 9
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other papers
    Series Statement: World Bank E-Library Archive
    Abstract: In the fall of 2008, the Moroccan microfinance sector underwent what in economics is referred to as a Minsky moment, the sudden realization that the market has overshot and that the good times are coming to an end. In this particular case, the Minsky moment was a specific event - the private circulation of an IFC study that found extensive problems with the portfolios of the country's four largest Microfinance Institutions (MFIs), and one in particular - Zakoura. This study picks up from Morocco's Minsky moment. The MFIs at the time were beginning to see unequivocal signs that the market was shifting. The lead-up to this moment has been well documented: the reckless pursuit of growth, fed by an equally reckless influx of funding, both foreign and domestic, the high rate of multiple lending, poor lending standards and equally poor back-office and management information systems (MIS), and poor governance - all have been noted as causes of the crisis. While this study is meant to cover the full Moroccan microfinance sector, due to constraints of time and availability of data, its primary focus is on the three largest MFIs in Morocco. This report is organized into three key sections: 1) a review of the main drivers and factors evident during the course of the Moroccan microfinance crisis (2008-2011); 2) an examination of the key responses taken by the MFIs during the course of the crisis; and 3) a review of government actions and other market-level changes that affected the nature and trajectory of the crisis. The authors close with a look at the future prospects for microfinance in Morocco
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  • 10
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Agricultural Study
    Series Statement: World Bank E-Library Archive
    Abstract: In the past decade, animal welfare has been increasingly recognized in importance in commercial livestock operations. Governments, academic institutions, and animal welfare professionals are addressing animal welfare at different points in the agricultural supply chain, while consumers are demanding higher standards for food safety and animal welfare. Meanwhile, regional and global initiatives to provide guidance on acceptable animal welfare practices have emerged. IFC is committed to working with clients to reduce losses, increase productivity, and/or access new markets through the application of sustainability principles, including animal welfare standards. This Good Practice Note (GPN), which supersedes the 2006 edition, contributes to IFC s continued commitment to supporting clients in a responsible and forward-looking approach to traditional livestock production (dairy, beef, broiler chickens, layer chickens, pigs, and ducks) and aquaculture in intensive and extensive systems to, among other things, help producers access and maintain entry to high quality and value market segments. This GPN describes a range of animal welfare good practice and complements IFC s Performance Standards on Environmental and Social Sustainability (2012), in particular animal husbandry requirements for IFC clients as reflected in Performance Standard (PS): biodiversity conservation and sustainable management of living natural resources. The note also describes IFC s approach to animal welfare, including details on IFC s approach to due diligence. For more publications on IFC Sustainability please visit www.ifc.org/sustainabilitypublications
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  • 11
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Financial Sector Study
    Series Statement: World Bank E-Library Archive
    Abstract: This study investigates the state of the electronic (e) and mobile (m)-commerce sector in Vietnam and its impact on the development of cashless payments and online financial services. The e- and m-commerce sector in Vietnam is growing organically. Although still immature and small in volume, advances in the region suggest that the sector will continue to expand and that investment is increasing in startups involved in payments, FinTech, third party logistics, and software aiming to support development. Vietnam has one of the fastest growing economies globally and the World Bank estimates that its GDP per capital will double in the next decade. It is one of the most populous countries in South East Asia with a majority of its inhabitants under 30. The rest of this document is structured as follows: Section two provides a short overview of the research conducted with end users and clients of e- and m-commerce firms; Section three describes the company survey methodology and the survey population of e-and m-commerce and support service firms; Section four presents the results from the survey including findings about payment acceptance and usage by e-and m-commerce firms and their clients as well as the business of payments and related services and logistics providers supporting the industry in Vietnam; and Section five provides key conclusions. The Annex to this report contains information about the surveyed companies, questionnaires and a snap shot of the front running firms and investors that are active in this market segment
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  • 12
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other papers
    Series Statement: World Bank E-Library Archive
    Abstract: Environmental and social responsibility is becoming more and more important in today's global economy. There are thousands of environmental and social codes and standards in the world today. The codes and standards define the rules and the objectives. But the challenge is in the implementation. An environmental and social management system (ESMS) helps companies to integrate the rules and objectives into core business operations, through a set of clearly defined, repeatable processes. This handbook is intended to be a practical guide to help companies in the food and beverage industry develop and implement an environmental and social management system, which should help to improve overall operations. Sections I and II provide background on ESMS in the food and beverage industry. Section III provides step-by-step instructions on how to develop and implement an ESMS. For more publications on IFC Sustainability please visit www.ifc.org/sustainabilitypublications
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  • 13
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other papers
    Series Statement: World Bank E-Library Archive
    Abstract: Environmental and social responsibility is becoming more and more important in today's global economy. There are thousands of environmental and social codes and standards in the world today. The codes and standards define the rules and the objectives. But the challenge is in the implementation. An environmental and social management system helps companies to integrate the rules and objectives into core business operations, through a set of clearly defined, repeatable processes. This handbook provides tools to build or enhance a company's environmental and social management system (ESMS). Section I is the Toolkit - sample documents, blank forms, flowcharts, checklists and templates. There are tools for each of the nine elements in the ESMS. Section II is the Case Studies - examples of how two different companies used the tools and developed and implemented an ESMS appropriate to the size and nature of their business
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  • 14
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other papers
    Series Statement: World Bank E-Library Archive
    Abstract: The G20 countries have increasingly recognized the importance of green growth in recent years, and many countries are demonstrating strong leadership through effective and progressive policies.The focus has so far been on creating new economic opportunities while solving environmental and resource scarcity challenges. However, governments do not act alone-the private sector is a natural partner, providing new technologies, business models and investment opportunities across a variety of sectors to help scale-up transformation. Since the 2008 Pittsburgh G20 Summit, inorder to foster these partnerships and leadership by the private sector there has beena surge in related intergovernmental, non-governmental and private sector platforms, to actively promote government policies and public-private partnerships to deliver greater investment in resource-efficient, low-carbon infrastructure and services. As the largest development finance institution dedicated to private sector development,with a strong emphasis on sustainability,International Finance Corporation (IFC) was commissioned to undertake an extensive literature review as a stocktaking exercise on existingmechanisms to mobilize private capital for inclusive green growth (IGG) investmentsin developing countries, as preparation for LosCabos. This overview starts with the high-level findings of the expanded literature review. In order to help readers navigate the vast amounts of information reviewed, a software tool has been developed that allows searches by theme, geography, sector, instrument, and nother interests. The overview then provides a mapping of financial flows relevant to IGG based on existing information and identifies gaps in our knowledge along sectoral and geographical lines
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  • 15
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Urban Study
    Series Statement: World Bank E-Library Archive
    Abstract: The objective of this case study is to document an example of the successful design and implementation of housing micronance (HMF) products by analyzing the approach taken by the First Micronance Bank of Afghanistan (FMFB-A) from 2009 to 2013. This report aims to encourage other lenders to follow suit and offer housing-related loans to low-income earners. It is part of IFC's MENA Micronance Knowledge Management project, which aims to raise awareness among micronanceinstitutions (MFIs) about the importance of risk management, product development, and transformation. FMFB-A was established in 2003 with the mission to reduce poverty and promote nancial inclusion by providing its clients with access to nancial services. Shareholders of FMFB-A are the Aga Khan Agency for Micronance (AKAM), Aga Khan Foundation USA, the German Development Bank (KfW), and the International Finance Corporation (IFC). FMFB-A has a nation-widepresence in Afghanistan and serves over 53,000 clients with an outstanding portfolio of 64.5 million dollars. Housing nance accounts for about 17 percent of its total portfolio. FMFB-Ais currently the only MFI in Afghanistan that offers a housing micronance product. FMFB-A implemented a rigorous, albeit exible, approach to the roll-out of its HMF products in Afghanistan. The idea to develop an HMF product at FMFB-A started in 2007 as a response to client demand. Its aim has been to increase access to housing micronance for Afghanistan's low-income households in urban and rural areas. It also sought to improve the quality of housing for this segment by offering construction technical assistance (CTA) services
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  • 16
    Language: English
    Pages: 1 Online-Ressource (1 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: Other papers
    Abstract: The report's main objective is to provide policy makers, regulators, and the private sector, primarily in emerging economies and developing countries, with a tool for enforcing international best practice and for developing strategies for successful reforms in the area of construction regulation. This paper is divided into the following eight chapters: 1) the importance of construction regulation reform. The first chapter defines three overarching goals of construction-regulation reform and addresses why and how these efforts can pay off; 2) reforms as good regulation not deregulation. This chapter points out that deregulating is not the answer; 3) the distribution and focus of construction regulation reform. Leveraging eight years of data from the doing business reports, this chapter provides an overview of reforms initiated within the doing business scenario and the key regional trends; 4) eight key policies affecting process efficiency, transparency, regulatory outcomes, and costs. This chapter provides a concise description of eight priority policy areas; 5) initiating reform and addressing typical challenges. Based on international experience, this chapter focuses on how to start reforms and covers issues including who should be involved in construction-regulation reform and how reform should be sequenced; 6) an overview of best practices. This chapter summarizes the best practices around four major issues, namely, building codes, procedures and transparency, payment of fees, and measures concerning stakeholder liability and accountability; 7) performance measures and evaluation of building regulatory systems. This chapter defines guiding principles for leading the reform effort and includes a meaningful set of indicators and a framework for monitoring outcomes; and 8) ten case studies. This chapters 10 in-depth case studies round out the discussion
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  • 17
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other papers
    Series Statement: World Bank E-Library Archive
    Abstract: On 28 May, 2013, the Government of the Russian Federation adopted decree no. 449 on the mechanism for the promotion of renewable energy (RE) on the wholesale electricity and capacity market. Decree no. 449 integrates support for renewable energy sources for electricity (RES-E) into the capacity market. This is a very different approach to that applied in most of the existing support mechanisms in other countries, where RES-E is promoted on the basis of the electricity output (MWh) rather than the installed capacity (MW or MW per month) of RE installations. Promoting RES-E through the capacity market is a way for the Russian authorities to overcome some of the legal and technical challenges faced by previous support initiatives and, importantly, to control the costs of RE. This approach fits well with the specific regulatory architecture of the Russian wholesale electricity market, which comprises both an energy and capacity segment. This report introduces Russia's new capacity-based scheme and examines how the Russian authorities have integrated the variability of RE sources into the regulation of capacity supply. This analysis will highlight the risk of legal uncertainty affecting the business case for RE investors under the capacity-based scheme. For more publications on IFC Sustainability please visit www.ifc.org/sustainabilitypublications
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  • 18
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other papers
    Series Statement: World Bank E-Library Archive
    Abstract: Supply chain risk has become a major area of concern for companies in the agribusiness sector, as well as for their customers, financiers, and external stakeholders. The threats that environmental and social (E and S) risks pose to brand values and product quality are making those risks more material, often reaching thresholds of major importance to the core business of agriculture and food companies. This good practice handbook is intended for those agro-commodity companies that want to better manage supply chain E and S risks. Agro-commodity supply chains often stretch over multiple supplier companies and multiple countries. Through its eight performance standards on E and S sustainability, the International Finance Corporation (IFC) requires its clients to identify, avoid, mitigate, and manage E and S risks and impacts as a way of conducting sustainable business. IFC recognizes that there is a broader range of significant E and S risks in agro commodity supply chains beyond these four core areas, and the approach set out in this handbook can be applied beyond these areas. The handbook focuses on five major agro-commodity supply chains- palm oil, soy, sugarcane, cocoa, and coffee however, many of the tools, resources, and case studies can be used as guidance for other agro-commodities
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  • 19
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (1 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: Other papers
    Abstract: The private sector, through investment and job creation, plays a crucial role in a country's fight against poverty. Where an effective private sector is lacking, business registration reform has been shown to be one of the essential first steps toward fostering private-sector growth. The easier, faster, and cheaper the business registration process becomes, the higher the number of businesses in an economy. A number of recent studies have found that simpler registration processes translate into advantages for workers and employers, including greater employment opportunities, more productive jobs, and higher total factor productivity. In addition, society as a whole benefits from registration reform. Business registration reform also has the potential to reduce both informality and gender disparity in entrepreneurship. This toolkit provides a systematic analysis of various reform options and is meant to serve as a guide for policy makers and practitioners implementing business registration reform. The toolkit thus displays the fundamentals of international good practice that can be adapted to specific country contexts in a coherent, consistent, and sustainable way
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  • 20
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Policy Notes
    Series Statement: World Bank E-Library Archive
    Abstract: This policy note has two ...
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  • 21
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Investment Climate Assessment
    Series Statement: World Bank E-Library Archive
    Abstract: This paper examines the general purpose licensing imposed by central or local authorities, and the need to eliminate unnecessary licensing regulations imposed on businesses. This paper does not address the issue of reform of sector-specific or professional licensing regulation, but provides criteria and tools for identifying unnecessary licensing regulations, and their elimination or, in some instances, for changing licensing regulations to free notifications. Indeed, this paper argues that a simplified review of licensing regimes that identifies unnecessary licensing saves energy and resources for well-balanced reform of remaining licensing regulations, eventually providing better protection for the public at large and a more enabling business environment. This paper is primarily oriented towards reform practitioners from governments that intend to reform their business environments; development agencies; donor-funded projects; practitioners of licensing reforms; and others interested in improving state and local governance. This paper is divided into three parts: (1) overview of licensing practices that provides common definitions of licensing, analysis of justified licensing regimes with focus on criteria for their justification, and theoretical overview of unjustified and questionable licenses; (2) analysis of commonly declared functions of unjustified licenses that provides insight into the nature of these licenses and their typology; and (3) four case studies that examine how unjustified licenses can be reformed with examples of unsuccessful, partially successful, and successful reform efforts. The analytical conclusions of this paper summarize criteria for unjustified licenses; describe lessons learned from the reform efforts; and provide a practical set of recommendations to the interested parties
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  • 22
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other papers
    Series Statement: World Bank E-Library Archive
    Abstract: In 2003 International Finance Corporation (IFC) committed a loan of US
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  • 23
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Investment Climate Assessment
    Series Statement: World Bank E-Library Archive
    Abstract: This report shows how business registers employ information and communication technology (ICT) to perform their functions more efficiently while at the same time providing businesses with more user-friendly services. Particular attention is paid to achieving innovative solutions, that is, solutions using ICT as a catalyst for re-engineering the registration process to improve users experiences and to provide useful services and high-quality information for both the private and the public sectors. In addition, this analysis demonstrates that business registers play an increasingly important part in e-Government solutions. Aimed at integrating services, e-Government solutions build on information sharing. This underscores the importance of business registers as master data sources. This analysis is based on data from the following sources: a 2011 survey of 41 business registers conducted by the Bronnoysund register centre in cooperation with the World Bank Group; case studies undertaken in 2011 in the former Yugoslav Republic of Macedonia, Italy, Vietnam, and Norway; the 2011 World Bank and International Finance Corporation (IFC) doing business report; the 2011 World Bank Group study of ICT solutions in 34 company registers; the 2011 European commerce registers forum report; and the International Council On Archives (CIA) factbook
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  • 24
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other papers
    Series Statement: World Bank E-Library Archive
    Abstract: Banks in emerging markets are increasingly providing non-financial services to their SME clients, typically consisting of information sharing, training and consultancy. This study, published by IFC in partnership with the Austrian Government, is the first to explore reasons behind this trend, finding that banks' key motivations include attracting and retaining customers, and strengthening portfolio quality. The report consists of an overview followed by case studies of three banks, namely Tark Ekonomi Bankasa (TEB), Standard Chartered Bank (SCB), and ICICI Bank. It is estimated that there are 365 to 445 million formal and informal micro, small, and medium enterprises, with a subset of 25 to 35 million formal SMEs, in the developing world. Of these, 70 percent do not use external financing from financial institutions, although they are in need of it. Approximately 85 percent suffer from credit constraints
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  • 25
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other papers
    Series Statement: World Bank E-Library Archive
    Abstract: Municipal solid waste (MSW) management system is one of the key components of a country's overall environmental and resource efficiency framework. Inefficient MSW treatment in Russia today is causing negative environmental impact, and results in suboptimal use of raw materials and energy. If Russia optimized its MSW management policy and implemented modern technologies, by 2025 it could fully shift towards environmentally friendly MSW management system and recover up to 45 percent of waste. As a result, by 2025 more than 200 metric tons of MSW would be recovered to raw materials and energy instead of landfilling. This would require investing up to 40 billion and would generate additional 2 billion in revenues from recoverable fractions
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  • 26
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Investment Climate Assessment
    Abstract: Sustainable economic growth and reduction of poverty require a suitable framework of good governance. A register solution that works efficiently and offers reliable business information is an essential part of such a framework. To ensure efficiency and simplification in business start-ups, a well-functioning register solution has several beneficial effects. It encourages entrepreneurship, improves access to loans, generates more jobs, makes it easier to comply with rules, and reduces administrative burdens, thus increasing productivity. In a broader perspective, this helps attract investors, boost the economy in general, and reduce poverty. Implementation of good governance has revealed a general need to enhance transparency and integrity standards in public administrations and private entities. Availability of official, high-quality business information is crucial in this context. By granting the legal identity of a business, most register solutions go a step further. In doing so, they increase the predictability of economic interaction and provide contractual partners with core protection against abuse. This also reduces the costs of resolving disputes and leads to greater judicial fairness because of faster contract enforcement. Moreover, improved transparency contributes to more effective tracing of financial crime and therefore constitutes a means to prevent and discourage financial crime in general. In the Norwegian register solution, the aim of enhancing transparency is strongly interlinked with the objective of using public business information efficiently and reducing reporting obligations for businesses. Information sharing is an important building block in this strategy. This case study describes how reforms aimed at simplifying and streamlining business registration were implemented in Norway. It is based on desk research and interviews
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  • 27
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Institutional and Governance Review
    Series Statement: World Bank E-Library Archive
    Abstract: The regulatory capacity review of the East African Community (EAC) focuses on the capacities of the EAC institutional framework to develop, implement, and sustain the efficient, transparent, and market-based regulatory system that is needed to achieve the economic benefits of the EAC common market. This report argues that the EAC institutions will be successful in implementing the common market only if they safeguard the quality of regulatory practices. This is a highly pragmatic and operational agenda. Quality principles can be applied only if they are defined and institutionalized into the machinery of policy making. The idea is that, just as fiscal management can increase social welfare by better allocating resources, so can regulatory governance
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  • 28
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Enterprise Surveys
    Series Statement: World Bank E-Library Archive
    Abstract: The enterprise surveys focus on the many factors that shape the business environment. These factors can be accommodating or constraining for firms and play an important role in whether a country will prosper or not. An accommodating business environment is one that encourages firms to operate efficiently. The enterprise surveys are conducted by the World Bank and its partners across all geographic regions and cover small, medium, and large companies. The surveys are administered to a representative sample of firms in the non-agricultural formal private economy. The enterprise surveys collect a wide array of qualitative and quantitative information through face to face interviews with firm managers and owners regarding the business environment in their countries and the productivity of their firms. The enterprise survey is useful for both policymakers and researchers. The surveys are repeated over time to track changes and benchmark the effects of reforms on firm's performance
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  • 29
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Investment Climate Assessment
    Series Statement: World Bank E-Library Archive
    Abstract: Since investment climate reforms in developing countries started gaining traction in the 1990s, most efforts have focused on issues at the national level, achieving varying degrees of success for reasons that are relatively well understood. This handbook provides an overview of efforts and achievements in subnational investment climate reforms. It is organized as follows. Chapter 2 reviews a number of countries experiences with subnational reforms, noting both success stories and disappointments and pointing toward lessons learned. Chapter 3 sets out the basic principles of subnational revenue, including business taxation. Chapter 4 describes sound licensing practices for subnational governments, including establishing licensing fees. Chapter 5 provides recommendations for subnational reform projects where both the regulatory authority and taxation require attention, which is the most common situation. Finally, the Appendix offers nine case studies covering subnational reform efforts in the following countries: Canada (British Columbia), The Russian Federation, China, Kenya, Tanzania, Peru (Lima), The Balkans (Serbia and Bosnia and Herzegovina), Tajikistan, and Zambia
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  • 30
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Investment Climate Assessment
    Series Statement: World Bank E-Library Archive
    Abstract: Sierra Leone's devastating 11-year civil war destroyed much of its infrastructure, and left its economy in tatters. In 2004, two years after the end of the war, Sierra Leone asked the investment climate (IC) advisory services of the World Bank Group to help create a better business and investment climate that will lay a foundation for the country's future economic growth. Answering the call, the World Bank Group's IC advisory services partnered with the United Kingdom's (UK's) Department for International Development (DFID) to design a program to help Sierra Leone improve its business climate, encourage job creation, and spur investment. The result of this partnership was the removing administrative barriers to investment (RABI) program, which ran from 2004 to 2010. RABI pioneered a collaborative approach by working closely with the government, local institutions, and the private sector to implement a comprehensive, integrated agenda that focused on reforms in the following four areas: reducing barriers to businesses operating in the formal sector by simplifying new business registration.; streamlining tax administration, reforming tax policy, and supporting the national revenue authority to simplify taxes; creating a platform for effective and constructive dialogue between the government and the private sector in focal areas such as financial sector reform, access to land, and overall improvements in the investment climate, and supporting reform in those areas; and building and developing an effective investment and trade facilitation structure and promoting Sierra Leone as a vibrant and desirable location for business, especially in the tourism and agribusiness sectors. The RABI program was innovative and responsive, conducting rapid diagnostics, proposing integrated solutions, and moving quickly into implementation with support staff on the ground. The program was also one of the first of its kind to operate in a conflict-affected country, which demand specialized and targeted support solutions
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  • 31
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Mining, Oil and Gas
    Series Statement: World Bank E-Library Archive
    Abstract: This report is intended to provide guidance on best practices in mining licensing, based on examples from low, middle and high income countries in Africa, Asia, North America, and South America. It is not a 'how-to guide' or a licensing implementation toolkit, but rather identifies certain common features of successful mining licensing regimes worldwide that other national or sub-national jurisdictions might usefully incorporate in new mining laws and regulations or revisions or existing ones. The case studies and other examples of good and bad practice are intended to provide a cross-section by geography and by income level, and they demonstrate that the prevalence of good and bad practices is not simply a function of income level. Tanzania, one of the poorest countries in the world, has in many respects a better licensing regime than either South Africa or the U.S. State of Wisconsin. In considering these complex issues, it has proven difficult to confine the discussion purely to questions of licensing. Discussion of licensing invariably invokes reference to overall policy and investment climate issues, environmental protection, labor law, taxation, national and sub-national jurisdiction, land tenure, and much more. This report makes no attempt to address all of these in detail but refers to them in reference to their interactions with and effect on, licensing itself. Far more detailed research on mineral policy, taxation, investment climate, and other issues has been carried out, some of it referred to in this report and cited in the footnotes and bibliography
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  • 32
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other papers
    Series Statement: World Bank E-Library Archive
    Abstract: Women, business and the law focuses on this critical piece of the puzzle, objectively highlighting differentiations on the basis of gender in 141 economies around the world, covering six areas: accessing institutions, using property, getting a job, providing incentives to work, building credit and going to court. Women, business and the law describes regional trends and shows how economies are changing across these six areas, tracking governments' actions to expand economic opportunities for women. For men and women throughout the developing world, the chance to start and run a business or get a good job is the surest hope for a way out of poverty. It also requires good business regulation, suited to the purpose, streamlined and accessible, so that the opportunity to build a business or have a good job is dependent not on connections, wealth or power, but on an individual's initiative and ability. The doing business report has led the way in providing data to countries about creating a sounder and more streamlined business environment. Women, Business, and the Law 2012 are the second in this series of reports. This edition retains the same basic structure of the 2010 pilot edition, while significantly expanding the depth of data covered. While the number of topics covered is the same, there has been a significant expansion of the data collected within these topics, thus addressing some of the initial shortcomings of the pilot edition. The number of economies covered has also been expanded from 128 to 141
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  • 33
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other papers
    Series Statement: World Bank E-Library Archive
    Abstract: Sustainable investment (SI) has a strong niche foothold in Sub-Saharan Africa, anchored in the region's largest investment market, South Africa. Yet more work is needed, at policy and portfolio levels, to grow this investment theme. This report recommends measures to expand SI in Sub-Saharan Africa. It forecasts that over the next five years there will be considerable growth of environmental, social, and governance (ESG) considerations applied to investment in South Africa, Kenya, and Nigeria. While these three countries form the basis of the study, the lion's share of data and observations emerged from South Africa, which is home to the continent's most developed capital markets
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  • 34
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other papers
    Series Statement: World Bank E-Library Archive
    Abstract: This global report examines the opportunity for special economic zones to promote women's economic empowerment and boost zone and enterprise competitiveness in developing countries. The research covers Bangladesh, China, Costa Rica, Egypt, El Salvador, Jordan, Kenya, and the Philippines. The study focuses on women's economic empowerment in the context of zones at three levels: (i) fair employment and working conditions for female employees; (ii) equal access to opportunities for professional advancement; and (iii) investment opportunities for female entrepreneurs. The study also examines gender-friendly policies and practices that support these three main goals, which include a wide range of options around laws, regulations, labor policies, gender-sensitive professional development programs, family support mechanisms, women's health programs, and supplier diversity and capacity-building initiatives. This study establishes the business case for investments in women's economic empowerment in SEZs, and identifies good-practice examples of recommended enablers to address this investment opportunity. Enablers are defined as efforts to counteract the negative impact of the obstacles women face in economic participation, and can include policies and programs at the government, zone, and enterprise level. The study provides background, evidence of challenges and success stories, comprehensive recommendations, and a suite of tools and tips to implement the recommendations successfully
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  • 35
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Investment Climate Assessment
    Series Statement: World Bank E-Library Archive
    Abstract: This report presents an overview of current and projected market trends for off-grid lighting. It was commissioned and coordinated by Lighting Africa,a joint initiative from IFC and the World Bank.The report provides a snapshot of the off-grid lighting market and provides industry level data and analysis on key trends. It relies on the inputs ofa broad range of industry experts, manufacturers, distributors, scientists, marker researchers, and NGO leaders worldwide who contributed theirviews, time, and advice to the preparation of this document. This included interviews with over 70 solar market players in 10 African markets, anda range of lighting product manufacturers worldwide. The report will be updated every two years. A key component of the Lighting Africa landscape is the market for solar portable lights, which covers a range of lighting needs from individual tasks to general household lighting. This report presents a snapshot of this market and provides industry-level data and analysis on key trends. Excerpts from this report were used to establish a common foundation for the discussions at the Lighting Africa conference on May 18-20, 2010, and the full document is designed to be a reference point for futurefact-based analysis of the market opportunities for off-grid lighting. It should be noted that Lighting Africa is technology-neutral, but has assembled this report with a focus on solar-based lighting products, as this is a dominant and fast-growing sector of the off-grid space deserving lighting industry, donor, and private sector investor attention. The report relies on the input of a broad range of industry experts, manufacturers, distributors, and NGOs, including interviews with over 70 solar market players in 10 African markets and a dozen lighting product manufacturers worldwide. It will be updated every two years. We welcome your feedback and support in thiseffort and encourage you to reach out to the Lighting Africa team with your questions and feedback
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  • 36
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other papers
    Series Statement: World Bank E-Library Archive
    Abstract: This handbook updates and expands upon the learning in IFC's 2000 community development resource guide entitled, Investing in People: Sustaining Communities through Improved Business Practice. It was produced in response to demand from companies for updated how-to guidance and current good practice approaches. Companies around the world engage in community investment efforts as a way to promote local development and benefit stakeholders in their areas of operations. For the private sector, effective community investment programs can help companies gain a social license to operate, access land, reduce project and reputational risks, boost productivity, meet government requirements or global standards, and/or successfully compete for the next venture. The aim of this handbook is to help IFC client companies and the wider private sector operating in emerging markets to think strategically about how they can support community investment programs that are successful, sustainable, and consistent with their business objectives. The handbook is meant for use by anyone who is interested in developing a company-supported community investment program or improving the performance of an existing one. The content of the handbook is organized around seven key areas comprising a comprehensive strategic planning framework for community investment. To help users with practical application, the Handbook is also supplemented by additional tools and information which are included in the tools section or listed under useful references
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  • 37
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Investment Climate Assessment
    Series Statement: World Bank E-Library Archive
    Abstract: This paper includes an overall introduction to the uses (and abuses) of business licenses, and to the way business licensing reforms can be organized. It also provides a broad overview and framework for licensing reforms. This paper is supported by more detailed case studies of licensing reform in particular sectors, and other guidance for facilities and field operations. This includes a detailed manual on 'how to' review and reform licenses and also information about how to apply effective and insightful Monitoring and Evaluation (M&E) to licensing reviews and reforms. Part one of this paper provides a contextual overview of key issues associated with government regulation. The rationale for government regulation (including licensing) is discussed, along with a description of the benefits and features of good regulatory design. Part two discusses the features of business licenses, the potential advantages and disadvantages of licensing and a discussion of the use of licensing fees and charges. Part three provides an overview of 'how to' reform business licenses and licensing systems. It summarizes broad approaches to reform, such as using a comprehensive 'top-down' approach to reviewing the stock of existing licenses, or where appropriate using a more targeted approach which focuses on particular types or categories of licenses. Part four of this paper focuses on M&E of licensing reform and simplification programs. This includes developing an M&E framework and measuring the significance and effects (e.g., the frequency and administrative burdens) generated by different types of licenses
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  • 38
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Investment Climate Assessment
    Series Statement: World Bank E-Library Archive
    Abstract: This paper looks at the existing tools and approaches most commonly used in developed and developing countries to review the stock of regulations. The tools reviewed can generate benefits in the short term, but they are most effective as part of a longer-term sustained initiative. This paper has a particular focus on the challenges that arise from their use in emerging and developing countries. The objectives of this paper include: 1) explaining the rationale for the use of these tools and approaches; 2) discussing each one of them in a succinct way; 3) considering the extent to which these tools can support more systemic regulatory reforms in the medium and long terms; and 4) considering the particular challenges and opportunities regarding their use in developing and emerging economies. Section one is a brief description of the rationale and context for applying tools and approaches to review the stock of regulation. It includes a reference to benefits and preconditions to make use of these tools. It also presents a categorization of the most commonly used tools and a comparative table on the way these tools can be applied. Section two presents a description of each of the different tools and approaches available, and discusses the way they are used and their main components. It includes references to international experiences in which these tools have been integrated into the regulatory reform process. Section three presents preliminary commentary about some of the potential advantages, disadvantages, and impacts of using these tools and approaches in developing countries. Some particular cases are presented to illustrate these trends. The section also includes a short description of the sequence observed in the use of some of these tools. Moreover, this section illustrates how these tools can (or cannot) generate gains in the short term and also provide a basis for further and broader regulatory reform programs
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  • 39
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Institutional and Governance Review
    Series Statement: World Bank E-Library Archive
    Abstract: Regulatory reform has emerged as an important policy area in developing countries. For reforms to be beneficial, regulatory regimes need to be transparent, coherent, and comprehensive. They must establish appropriate institutional frameworks and liberalized business regulations; enforce competition policy and law; and open external and internal markets to trade and investment. This report analyses the institutional set-up and use of regulatory policy instruments in Uganda. It is one of five reports prepared on countries in East and Southern Africa (the others are on Kenya, Tanzania, Rwanda and Zambia), and represents an attempt to apply assessment tools and the framework developed by the Organization for Economic Cooperation and Development (OECD) in its work on regulatory capacity and performance to developing countries
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  • 40
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Investment Climate Assessment
    Series Statement: World Bank E-Library Archive
    Abstract: The purpose of this report is to introduce and present key components of the regulatory governance agenda, and to discuss its relevance for developing countries. The paper identifies failings and knowledge gaps relevant to the implementation of regulatory governance initiatives, and it discusses how lessons already learned can guide reformers and donor organizations in their continued efforts to promote sustainable growth and private sector development through better and more efficient regulation. Following the executive summary and this introduction, the paper is divided into the following sections: regulatory governance - what is it? This section defines and introduces basic concepts of regulatory governance. Regulation and economic growth - in this section, the links between regulatory governance reforms and economic growth are clarified. Major building blocks of a regulatory governance system - this section explores the main building blocks of a regulatory governance system and highlights elements of relevance for developing countries. Application of regulatory governance tools and approaches in developing countries. This section summarizes the pros and cons for applying regulatory governance tools in developing countries, and summarizes the recorded results and experiences with regulatory governance tools in three developing countries. Looking ahead: should donors and governments invest more in regulatory governance? The paper concludes with the lessons learned and not yet learned, and challenges ahead for the regulatory governance agenda in developing countries
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  • 41
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Investment Climate Assessment
    Series Statement: World Bank E-Library Archive
    Abstract: Investing Across Borders 2010 (IAB) presents cross-country indicators analyzing laws, regulations, and practices affecting foreign direct investment (FDI) in 87 economies. The indicators focus on 4 thematic areas measuring how foreign companies invest across sectors, start local businesses, access industrial land, and arbitrate commercial disputes. The indicators combine analysis of laws and regulations, as well as their implementation. They explore differences across countries to identify good practices, facilitate learning opportunities, stimulate reforms, and provide cross-country data for research and analysis. The project's methodology is based on the World Bank Group's Doing Business initiative. The IAB indicators draw on data collected through a survey of lawyers, other professional service providers (mainly accounting and consulting firms), investment promotion institutions, chambers of commerce, and other expert respondents in each of the countries measured. Between April and December 2009 more than 2,350 experts in 87 economies responded to the survey to provide data for this report. This chapter presents the report's main findings including examples of FDI competitiveness-enhancing practices for each indicator area. It also provides key results for each region. IAB does not measure all aspects of the business environment that matter to investors. For example, it does not measure security, macroeconomic stability, market size and potential, corruption, skill levels, or infrastructure quality. Still, the indicators provide a starting point for governments seeking to improve their competitiveness in attracting foreign investment
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  • 42
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other papers
    Series Statement: World Bank E-Library Archive
    Abstract: The International Finance Corporation (IFC), a member of the World Bank Group is the biggest global development institute focusing its activities on the private sector in developing and transition economies. The IFC creates opportunities for improving the quality of life and reducing poverty. The IFC Corporate Governance Project was launched in 2008 to assist joint stock companies (JSC ) in the Kyrgyz Republic to improve their corporate governance, as well as to strengthen capacity of JSC s for attracting investment. This project is the result of a logical extension of the IFC Corporate Governance Program in Central Asia launched in Kazakhstan in 2006 and in Tajikistan in 2007. The project aims to improve corporate governance practices in JSC s including banks. As part of the project, the project team works to involve in governmental working groups in legislative and enforcement reform in the area of corporate governance in the Kyrgyz Republic. To raise awareness of the population on issues relating to corporate governance, the project conducts the campaigns to inform the wider public of the latest trends in improving corporate governance practices. This IFC Central Asia Corporate Governance Project is supported by the Netherlands-IFC Partnership Program
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  • 43
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Investment Climate Assessment
    Series Statement: World Bank E-Library Archive
    Abstract: This report examines the key challenges faced by small and medium enterprises (SMEs) in the Kyrgyz Republic, in an attempt to identify the issues and areas in most urgent need of reform. The IFC Study of Investment Climate as seen by Small and Medium Enterprises in the Kyrgyz Republic is the first survey of the investment climate in the Kyrgyz Republic conducted by IFC. One of the key objectives of the IFC Study of Investment Climate as seen by Small and Medium Enterprises in the Kyrgyz Republic is to identify precisely those areas in greatest need of reform, in order to reduce the regulatory burden and enable policy makers in the Kyrgyz Republic to establish priorities to encourage new business development and growth, resulting in higher employment and reducing poverty. Data contained in the Survey provide a basis on which the most viable potential reforms might be assessed. The introductory chapter to this report paints a general picture of the macro-economic situation in the Kyrgyz Republic, as well as providing a data-driven description of each of the three categories of enterprises covered in the Survey - individual entrepreneurs, small and medium companies, and farmers. Chapters 3 through 8 provide a detailed examination of Survey findings on a variety of key topics, and each chapter begins with an explanation of the legal and regulatory framework of that issue. Chapter 9 provides an overview of the survey methodology. Finally, the Data Annex presents additional findings on issues covered under Access to Finance and Foreign Trade
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  • 44
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Investment Climate Assessment
    Series Statement: World Bank E-Library Archive
    Abstract: This report is an output of the Better Regulation for Growth Program between the Dutch Ministry of Foreign Affairs, the UK Department for International Development (DFID) and IC, the Investment Climate Advisory Services of the World Bank Group. The reports identifies a set of minimum requirements for a well-functioning Ria light system that is tailored to the requirements of developing countries. Embracing the overall objectives and relevance of RIA, the paper explores the fundamental set of building blocks and activities required to establish and maintain a RIA light system, taking into account what it is considered as good practice. The paper argues that the following five basic criteria have to be in place for a functioning RIA system, which is referred to as "RIA light": 1) political commitment to establish and operate an effective and self sustaining RIA process; 2) a unit or group of regulatory reformers - preferably based in a central area of government - which oversees, comments and reports on the quality of regulatory proposals before decisions are made about regulation; 3) clear and consistently applied criteria and rules employed to screen regulatory proposals; 4) a transparent regulatory policy development process, which includes consultation with stakeholders; and 5) a capacity building program, involving preparation of guidelines; training of officials preparing RIA and facilitating the required cultural changes, and establishing monitoring, evaluation and reporting systems
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  • 45
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Investment Climate Assessment
    Series Statement: World Bank E-Library Archive
    Abstract: Over the last few years the Standard Cost Model (SCM) has become the regulatory reform tool of choice in European Union (EU) and Organization for Economic Co-operation and Development (OECD) countries for identifying and reducing regulatory compliance costs. SCM provides a relatively simple methodology to measure and communicate businesses' paperwork obligations arising from compliance with governments' regulations. More recently the SCM has also been adapted and applied in a number of developing countries, including Kenya, Zambia, Vietnam, Burkina Faso, and Rwanda. It is still too early days to conclude much on the SCM model's general applicability in developing countries. However as part of a broader reform package the SCM has proven capable of strengthening momentum by providing new insights into regulatory obligations, by quantifying the costs and time associated with information obligations both at aggregate and at a rule-specific level. It has hence proven useful both as a tool to target specific interventions and to monitor the impact of reform. This document provides a number of lessons from the first few years of using SCM in regulatory reforms, with a focus on business licensing, in developing countries. These lessons are not intended to provide a final account on how SCM is to be carried out in developing countries. Along with its dissemination across the globe, SCM has experienced a constant development. This document aims to point out a number of important issues that have been observed and tested during the initial measurements in World Bank client countries to prevent future practitioners from the need to re-invent the wheel
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  • 46
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Investment Climate Assessment
    Series Statement: World Bank E-Library Archive
    Abstract: In the private sector, outsourcing has become a recognized feature of the business scene. While there are various reasons for contracting out functions to external organizations, in general the justification relates to the potential cost-benefit from adopting this approach. This study set out to ascertain whether the same considerations applied to administrative procedures associated with starting a business. Did business registries outsource any or all of their functions? If so, did the same considerations apply as for the private sector? Were there lessons to be learned from their experience? Responses to these and other questions were received from 53 registries. This paper is not about global commerce, at least, not in the usual sense. It is about some of the more mundane administrative procedures that underpin the activities of the private sector, the basics that help it to function. Business registration is seen as a key factor in determining the investment climate of a country
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  • 47
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Institutional and Governance Review
    Series Statement: World Bank E-Library Archive
    Abstract: Regulatory reform has emerged as an important policy area in developing countries. For reforms to be beneficial, regulatory regimes need to be transparent, coherent, and comprehensive. They must establish appropriate institutional frameworks and liberalized business regulations; enforce competition policy and law; and open external and internal markets to trade and investment. This report examines the institutional set-up for and use of regulatory policy instruments in Kenya. It is one of five reports prepared on countries in East and Southern Africa (the others are on Zambia, Uganda, Rwanda, and Tanzania). The report is based on a review of public documents prepared by the government, donors, and the private sector, and on a limited number of interviews with key institutions and individuals
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  • 48
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Investment Climate Assessment
    Series Statement: World Bank E-Library Archive
    Abstract: In this first working paper the authors present and compare systems of indicators of regulatory quality, analyzing their conceptual underpinnings, technical properties, and usage by governments, stakeholders and academics. After having discussed the datasets and the types of data available, they authors consider a set of critical aspects related to the design, data gathering and utilization of indicators, providing suggestions for improvement. The authors' major findings and proposals are the following: systems of indicators have been developed ad hoc, by organizations pursuing different objectives over time and across the world. Conceptual underpinnings, modalities of data-gathering, and types of usage reflect different operationalizations of regulatory quality. In the construction of regulatory indicator datasets, the first essential step is to gauge the quality of data, in order to construct insightful and meaningful measurements. Especially in developing countries, the consideration of the quality of data is preliminary to any technical and statistical discussion on how to treat data. Western governments tend to use single measures with the specific purpose of improving methods of regulatory analysis (through studies that analyze the conduct of regulators). The authors have not found systematic attempts to measure how regulatory reform is changing the attitudes towards regulation of regulators and policy officers who develop legislation. Aggregation should reflect basic technical rules, but more importantly, it should be performed in a way that conveys messages to those who are supposed to make use of the composite measures. To illustrate, if the goals of regulatory reform are institutionalization, economic growth, accountability, interaction with the stakeholders and communication, aggregation should be performed along these four dimensions, not in relation to abstract technical properties
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  • 49
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Institutional and Governance Review
    Series Statement: World Bank E-Library Archive
    Abstract: Regulatory reform has emerged as an important policy area in developing countries. For reforms to be beneficial, regulatory regimes need to be transparent, coherent, and comprehensive. They must establish appropriate institutional frameworks and liberalized business regulations; enforce competition policy and law; and open external and internal markets to trade and investment. This report examines the institutional set-up for and use of regulatory policy instruments in Zambia. It is one of five reports prepared on countries in East and Southern Africa (the others are on Kenya, Uganda, Rwanda, and Tanzania). The report is based on a review of public documents prepared by the government, donors, and the private sector, and on a limited number of interviews with key institutions and individuals
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  • 50
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Investment Climate Assessment
    Series Statement: World Bank E-Library Archive
    Abstract: Reforming business licenses is part of a suite of products delivered by the World Bank group's investment climate advisory services, under the business operations practice. The approach to reforms highlighted in this handbook fits into the broader policy framework for business licensing reform and simplification. The framework paper provides the context for business licensing practices; establishes the key principles and concepts underpinning licensing; and gives an overview of licensing reform objectives, issues, and processes. It includes an overall introduction to the use (and abuse) of business licenses, and a further elaboration on the way business licensing reforms can be organized. This handbook is part of a suite of knowledge management products dedicated to business licensing. This handbook is written for business regulation practitioners. It aims to provide reformers with detailed information and guidance on how to implement fast-track, top-down licensing and regulatory reform projects. Its structure follows the process underpinning such reforms, taking readers step-by-step through the successive stages of reforms
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  • 51
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Investment Climate Assessment
    Series Statement: World Bank E-Library Archive
    Abstract: This report has been developed by the international Finance Corporation (IFC) and summarizes findings from a recent study of the business environment for small and medium-sized enterprises and individual entrepreneurs in Belarus. The survey and report have been conducted as part of the second phase of the 'business enabling environment in Belarus' activity supported by the Swedish International Development Cooperation Agency (SIDA). The format of this report does not cover all factors that shape and influence existing business environment. Thus, the report is limited in scope, with special attention to the consequences of the economic crisis for small and medium-sized businesses; and the main focus devoted to selected groups of business-related administrative procedures. The report covers three groups of administrative procedures that the majority of small have to undergo: 1) licensing; 2) permits; and 3) inspections
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  • 52
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Investment Climate Assessment
    Series Statement: World Bank E-Library Archive
    Abstract: Regulatory reform and competition policy are two important and inter-related areas of regulatory policy and public administration. Both can play a key role in improving the quality of regulation, and creating healthy and competitive markets and an attractive investment climate. This in turn leads to greater economic growth, employment and incomes. Part one of this paper discusses definitions and key issues associated with regulation, regulatory quality, and competition policy. This discussion focuses on competition policy as it relates to restrictions on competition and also pro-competitive regulation, which involves protecting consumers through economic regulation. Part two of this paper considers institutions and processes for implementing regulatory quality and competition policy agendas, including regulatory agencies, regulatory reform bodies, competition authorities and broader regulation-making processes. Part three notes the importance of assessing competition policy issues on a case-by-case basis and identifies the main objectives and features of competition policy. This includes a discussion about when competition policy issues are likely to play an important role in regulatory assessment and reform. Part four considers mechanisms for coordinating- where appropriate-competition policy and regulatory quality assessments, including undertaking competition assessments and providing advice to decision makers
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  • 53
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Institutional and Governance Review
    Series Statement: World Bank E-Library Archive
    Abstract: Regulatory reform has emerged as an important policy area in developing countries. For reforms to be beneficial, regulatory regimes need to be transparent, coherent, and comprehensive. They must establish appropriate institutional frameworks and liberalized business regulations; enforce competition policy and law; and open external and internal markets to trade and investment. This report analyses the institutional set-up and use of regulatory policy instruments in Rwanda. It is one of five reports prepared on countries in East and Southern Africa (the others are on Kenya, Uganda, Tanzania and Zambia), and represents an attempt to apply assessment tools and the framework developed by the Organization for Economic Cooperation and Development (OECD) in its work on regulatory capacity and performance to developing countries
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 54
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Institutional and Governance Review
    Series Statement: World Bank E-Library Archive
    Abstract: Regulatory reform has emerged as an important policy area in developing countries. For reforms to be beneficial, regulatory regimes need to be transparent, coherent, and comprehensive. They must establish appropriate institutional frameworks and liberalized business regulations; enforce competition policy and law; and open external and internal markets to trade and investment. This report analyses the institutional set-up and use of regulatory policy instruments in Tanzania. It is one of five reports prepared on countries in East and Southern Africa (the others are on Kenya, Uganda, Rwanda and Zambia), and represents an attempt to apply assessment tools and the framework developed by the Organization for Economic Cooperation and Development (OECD) in its work on regulatory capacity and performance to developing countries
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 55
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Investment Climate Assessment
    Series Statement: World Bank E-Library Archive
    Abstract: This paper looks at the role and design of regulatory reform institutions in developing countries. These institutions are classified into four broad types: 1) regulatory reform units, commonly known in Organization for Economic Cooperation and Development (OECD) countries as oversight bodies for regulatory reform; 2) high-level committees for regulatory reform, established in some countries to leverage support and take decisions at a high political level; 3) advisory and/or advocacy bodies in charge of proposing improvements to the regulatory system by strengthening coordination and consultation mechanisms and by promoting the regulatory reform agenda; and 4) Ad hoc institutions for regulatory reform, established to launch regulatory reform efforts and to work on a single defined task or activity. This paper is divided into the following sections: section one briefly reviews the theoretical debate and literature about the role of institutions in facilitating higher economic growth, focusing in particular on regulatory institutions and their relevance in developing countries; section two discusses the main features of regulatory reform institutions at the center of government, namely regulatory oversight bodies, high level committees, advocacy and/ or advisory bodies and ad-hoc institutions for regulatory reform; and section three identifies the features of these institutions that are considered to be best practice. Section three also identifies and discusses lessons learned and the implications for establishing and operating such institutions in developing country contexts
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  • 56
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Corporate Governance Assessment
    Series Statement: World Bank E-Library Archive
    Abstract: During the past decade, the Vietnamese securities market has made large strides and secured a firm position as a channel for mid-term and long-term capital mobilization for national economic development. However, the management and regulations of an emerging securities market have posed numerous challenges to the national securities regulator - the State Securities Commission (SSC). In its role to establish, regulate, and supervise the securities market applying international corporate governance (CG) standards and best practices, the SSC has taken the initiative in obtaining assistance from international organizations to help establish more transparent and efficient securities market operations. Therefore, the SSC and International Finance Corporation (IFC) are partners in several initiatives to improve CG in Vietnam. The development of the Vietnam CG scorecard and the associated scorecard report is part of this wider CG project to assist the regulator to enhance the application of international CG standards and practices. This initial survey of CG practices in Vietnam is the baseline review of CG in Vietnam. It encompasses a survey of some 100 companies listed on the Hanoi and the Ho Chi Minh stock exchanges, which together represent more than 90 percent of the combined market capitalization of these exchanges. The scorecard report is expected to: provide a standardized, systematic framework by which regulators and investors may assess the CG of a company and the overall level of CG in Vietnam; enable a company to assess the quality of its CG and to stimulate companies to enhance their practices; provide a systematic way to analyze CG across industries to assist improvements in CG practices; assist regulatory groups to identify strengths and weaknesses in CG regulations and practices, leading to further reforms; and be available to support the raising of awareness and understanding of good CG practices. The scorecard is a tool that regulators, companies, investors, and the marketplace can use to focus on CG and it will provide a common metric and language on CG in Vietnam. It opens up opportunities for dialogue on CG and allows for Vietnamese institutions to take appropriate steps to address the CG issues highlighted by the findings of the report
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