Business Climate Initiative 2005 Report
(03/06, En) See also Infrastructure and Financial Markets
With the Business Climate Initiative, the IDB group is committed to assisting its member countries in the identification and removal of obstacles to the well functioning of their private sectors, and thus to the economic growth of the region. In all, 2005 was a pivotal year, in which the first results have been achieved, and numerous lessons learned are prompting adjustments in how the IDB group works on business climate issues. Because of the significant information and feedback from clients, all available diagnostics, including Action Plans developed, form an important input for the Strategic Guidelines in Support of the Private Sector and the programming activities of the Bank. In effect, the BCI has become an important link between the private and public activities of the IDB group.
For the year ahead, implementation of the measures identified is clearly the priority, and scaling up of project related activities will be closely monitored. IDBs poverty reduction mandate demands that the Bank succeeds in its support of the private sector development, and BCI is central to such efforts. Going forward, monitoring and evaluation of the measures implemented will take a more prominent role, as demonstration of precisely where reforms are working and more improvements are needed will be required to ensure that the initiative is reaching its objectives, and that the measures proposed are efficiently removing the obstacles they are designed to address.
Last updated: 05/08/07
