Enabling the Environment for Private Sector Activity- The Business Climate Initiative
The IDB has been active in improving the investment climate throughout Latin
America and the Caribbean for more than 15 years. Nonetheless, historically
low economic growth rates, pervasive poverty, and declining investment
rates throughout the region warrant a renewal of the Bank’s efforts to focus
on the factors that promote private sector development as a primary engine
for growth.
The Business Climate Initiative, launched in December 2003 in conjunction with
the IDB’s Private Sector Development Strategy, aims to help governments
improve the conditions that allow private sector investments to thrive. In the
context of macroeconomic stability, a healthy investment climate provides for
a sound legal and regulatory framework that promotes competition;
strong enforcement of corporate governance principles;
control over bureaucratic inefficiencies;
improved access to financial and infrastructure services.
For more information, please visit: www.iadb.org/businessclimate
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