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The Enterprise Surveys (ES) focus on many aspects of the business environment. These factors can be accommodating or constraining for firms and play an important role in whether an economy's private sector will thrive or not. An accommodating business environment is one that encourages firms to operate efficiently. Such conditions strengthen incentives for firms to innovate and to increase productivity, key factors for sustainable development. A more productive private sector, in turn, expands employment and contributes taxes necessary for public investment in health, education, and other services. Questions contained in the ES aim at covering most of the topics mentioned above. The topics include infrastructure, trade, finance, regulations, taxes and business licensing, corruption, crime and informality, access to finance, innovation, labor, and perceptions about obstacles to doing business. This document summarizes the results of the Enterprise Survey for El Salvador. Business owners and top managers in 719 firms were interviewed March 2016 to August 2016.
Access to Finance --- Business Environment --- Competitiveness and Competition Policy --- Corruption --- Crime --- Enterprise Development & Reform --- Infrastructure --- Private Sector Development --- Taxes --- Trade
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The Enterprise Surveys (ES) focus on many aspects of the business environment. These factors can be accommodating or constraining for firms and play an important role in whether an economy's private sector will thrive or not. An accommodating business environment is one that encourages firms to operate efficiently. Such conditions strengthen incentives for firms to innovate and to increase productivity - key factors for sustainable development. A more productive private sector, in turn, expands employment and contributes taxes necessary for public investment in health, education, and other services. Questions contained in the ES aim at covering most of the topics mentioned above. The topics include infrastructure, trade, finance, regulations, taxes and business licensing, corruption, crime and informality, access to finance, innovation, labor, and perceptions about obstacles to doing business. This document summarizes the results of the Enterprise Survey for Lao PDR. Business owners and top managers in 368 firms were interviewed from January 2016 to June 2016.
Access to Finance --- Business Environment --- Competitiveness and Competition Policy --- Corruption --- Crime --- Enterprise Development & Reform --- Infrastructure --- Private Sector Development --- Taxes --- Trade
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The Enterprise Surveys (ES) focus on many aspects of the business environment. These factors can be accommodating or constraining for firms and play an important role in whether an economy's private sector will thrive or not. An accommodating business environment is one that encourages firms to operate efficiently. Such conditions strengthen incentives for firms to innovate and to increase productivity, key factors for sustainable development. A more productive private sector, in turn, expands employment and contributes taxes necessary for public investment in health, education, and other services. Questions contained in the ES aim at covering most of the topics mentioned above. The topics include infrastructure, trade, finance, regulations, taxes and business licensing, corruption, crime and informality, access to finance, innovation, labor, and perceptions about obstacles to doing business. This document summarizes the results of the Enterprise Survey for Swaziland. Business owners and top managers in 150 firms were interviewed August 2016 and November 2016.
Access to Finance --- Business Environment --- Competitiveness and Competition Policy --- Corruption --- Crime --- Enterprise Development & Reform --- Infrastructure --- Private Sector Development --- Taxes --- Trade
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The Enterprise Surveys (ES) focus on many aspects of the business environment. These factors can be accommodating or constraining for firms and play an important role in whether an economy's private sector will thrive or not. An accommodating business environment is one that encourages firms to operate efficiently. Such conditions strengthen incentives for firms to innovate and to increase productivity, key factors for sustainable development. A more productive private sector, in turn, expands employment and contributes taxes necessary for public investment in health, education, and other services. Questions contained in the ES aim at covering most of the topics mentioned above. The topics include infrastructure, trade, finance, regulations, taxes and business licensing, corruption, crime and informality, access to finance, innovation, labor, and perceptions about obstacles to doing business. This document summarizes the results of the Enterprise Survey for Lesotho. Business owners and top managers in 149 firms were interviewed June 2016 to August 2016.
Access to Finance --- Business Environment --- Competitiveness and Competition Policy --- Corruption --- Crime --- Enterprise Development & Reform --- Infrastructure --- Private Sector Development --- Taxes --- Trade
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This handbook has been developed to provide instruction on the design and implementation of incentives for resource-efficiency purposes. The target audience is World Bank staff and stakeholders who are supporting the implementation of a resource-efficiency program in a country on behalf of the government, development finance institution (DFI) or other institution. It is intended to be applicable to most, if not all, resource-efficiency issues and incentives. However, it has a particular focus on energy-efficiency issues as this is the particular focus of the World Bank's Climate Competitive Industries program, and is an area with a high level of interest from industry stakeholders. This handbook will help practitioners to understand: (i) why incentives should be used; (ii) the kinds of incentives that are available; (iii) how incentives can be combined; (iv) how to diagnose the resource-efficiency issues and potential for action in the country; (v) what the key considerations are in the selection and design on an incentive; and (vi) which institutional processes are required to support implementation of an incentive. It sets out the key considerations in designing and implementing an incentive for resource efficiency. Given the breadth of the potential areas of application, the handbook provides an introduction to each incentive type and sets out the skeleton approach to implementing an incentive. Further reading and support will be required at key stages to enable readers to undertake some of the technical aspects of implementation. For this reason, the handbook should be considered the entry point for any party considering an incentive scheme for resource efficiency. However, additional expertise may need to be sought when it comes to the actual design of a specific incentive.
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Croatia, a founding member of the former Republic of Yugoslavia and a current member of the European Union (EU), is a high-income country in Europe and Central Asia. Given that high quality financial reporting promotes good corporate governance, reduces uncertainty and risk, can help to lower the cost of capital, and boosts investor confidence, it will play a critical role in the country's strategy to champion private sector led growth for economic development. Croatia's preparation to join the EU required reform of its corporate financial reporting framework and practices, among other things, and laid the foundation for enhanced financial reporting and increased transparency. Although the country's accession to the EU on July 1, 2013 was a single historical point in time, it encapsulated years of transformation of the statutory and institutional framework in every aspect of the economic, social, and political spheres of the country. The purpose of this report, which focuses on Croatia's adoption and implementation of the corporate financial reporting aspects of the acquis', company law, is to enhance understanding of how successful transitions work in practice, that is, what makes some reforms succeed where others fail. It attempts to answer questions such as: what happens when countries adopt international standards; what issues arise when one tries to merge differing legal traditions; how to achieve reform when there are capacity constraints and key implementing institutions are missing; what are the different strategies that can be used during various phases of a reform process; and, more generally, what factors encourage failure or lead to success?.
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This systematic review is an effort to fill the knowledge gap about the effectiveness of PrivateSector Development (PSD) interventions in Fragile and Conflict-Affected Situations (FCS). Theobjective of the review is to identify and extract evidence from published evaluations of PSDinterventions in FCS on what has or has not worked in terms of achieving development results,including contributions to peace and stability. The review identified 312 published evaluations of PSD interventions carried out between 2005 and 2014, of which 56 constituted the final data set for the review analysis. The review covered evaluations in 23 countries classified as FCS by the World Bank from 2005-14 and three other countries that experienced conflict. Annex 1 shows how each of the 23 countries were categorized according to the country's conflict status from the FCS list. In summarizing the evidence, we defined 'effectiveness' as how external evaluators measuredthe degree of success in attaining the planned results and objectives of PSD projects in FCS.Project effectiveness was measured within four business lines: SME support, infrastructure,access to finance and investment climate reform. The evaluability, or the ability of evaluators to determine how well projects were implemented, was weak in some projects under review. For example, in 25 percent of the evaluated projects, outcomes were either poorly defined or not appropriate. In addition, the basis for determining success across individual projects was not always clear because projects sometimes defined outputs and outcomes differently, even when long and short-term results were achieved. This limited our ability to appropriately catalog the projects' evidence in a consistent and clear manner.
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This appendix is an adjunct to the main report. It is not intended as a free-standing Country Program Evaluation (CPE) on the World Bank in Tonga. It provides additional underpinning and evidence for the overall story of the Bank's relevance and effectiveness in the PICs provided in the main report. The Tonga country assistance strategy (CAS) was prepared in 2010 and covered the period from FY11 to FY14. The CAS signaled a considerable scaling up of analytic and financial support for Tonga (and the other PICs). It identified connectivity as the Bank's major contribution over the previous five years, through the support for increased temporary migration opportunities and the encouragement of telecoms reform that led to the opening of the market for mobile telephones. In addition to the two broad themes in the regional framework (connectivity and resilience), the CAS added a third: Supporting policy reform to strengthen growth prospects and improve service delivery. Going forward the Bank planned to make increased use of the development policy operation (DPO) instrument which would support Tonga during the very difficult period it was going through at the time, given the combination of coping with the global crisis and with natural disasters. There was to be emphasis on support for improved governance and public financial management (PFM) reforms. Under the theme of Building resilience against shocks, the Bank looked to tap the Global Facility for Disaster Reduction and Recovery (GFDRR) to provide support for integrated adaptation and disaster risk management (DRM) activities. The GFDRR would also be used to "climate proof" future infrastructure investment. The CAS also declares the intention in small island states like Tonga to be, more nimble in project preparation and give greater attention to implementation support. The Bank can at times be more of an elephant than a lynx.
Agriculture --- Climate Change and Agriculture --- Competitiveness and Competition Policy --- Development Economics and Aid Effectiveness --- Enterprise Development and Reform --- Finance and Financial Sector Development --- Macroeconomics and Economic Growth --- Private Sector Development --- Private Sector Economics
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Jim Yong Kim, President of the World Bank Group, notes that Bangladesh offers us many lessons in ending extreme poverty, and one of the most important is that innovation plays a critical role. Bangladesh recognized decades ago that empowering women is essential to ending extreme poverty. Leaders arrived at the logical conclusion that countries can never reach their full economic potential if half the population is not fully participating. The World Bank Group is looking forward to working with Bangladesh to promote private sector investment by strengthening governance and improving the investment climate. Now, foreign direct investment is less than 1.7 percent of GDP in Bangladesh, far below that of most countries; foreign direct investment in Vietnam, for instance, was 6.1 percent of GDP. Strengthening governance will help lead to more jobs in infrastructure, diversify exports, and ensure the health and safety of workers. Bangladesh has shown the world that a long list of hardships can be overcome. In fact, its people have shown that innovation, commitment, setting goals, and visionary leadership can accomplish feats that few dared imagine. Bangladesh can continue to build on this record and can end extreme poverty by 2030 and boost shared prosperity.
Conditional cash transfers --- Education --- Education for all --- Educational attainment --- Enterprise development and reform --- Family planning --- Foreign direct investment --- Inequality --- Labor markets --- Poverty reduction --- Primary education --- Private sector development --- Social protections and labor
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This note draws from an emerging literature on firm informality as well as data collected on micro enterprises and informal firms as part of the World Bank's enterprise survey initiative for Kenya. The purpose of the note is to assess the main constraints facing informal firms, identify patterns of productivity and firm dynamics, and better understand drivers for formalization. Section one provides an overview of key characteristics and main investment climate constraints facing informal firms. In section two, patterns of informal firm finance are explored, while in sections three and four, labor productivity and drivers of firm growth are analyzed. Section five examines incentives to remain informal and policies that can catalyze formalization. This is followed by a conclusion. Due to the sampling methodology used, all results pertain to the sample of surveyed firms; hence, due caution is necessary in extrapolating the results to the broader informal sector in Kenya. Nevertheless, the assessment of the surveyed firms could provide important information on identifying policies as well as firm-level support that could boost productivity and catalyze formalization. This could have important implications for economic growth and job creation in Kenya.
Competitiveness and Competition Policy --- Enterprise Development & Reform --- Export Development and Competitiveness --- Financial and Private Sector Development --- Informal Sector --- Macroeconomics and Economic Growth --- Micro, Small and Medium Enterprise Support --- Microenterprises --- Private Sector Development --- Regulation and Competition Policy --- Small and Medium Size Enterprises --- Trade and Integration
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