WB, IFC to review economic reforms in Azerbaijan
By Amina Nazarli
A joint mission of the World Bank (WB) and International Finance Corporation (IFC) is visiting Azerbaijan on September 5-9 to update the indicators of the country in Doing Business report.
During the mission visit, leading expert in advisory program for reforms within the framework of Doing Business, Private Sector Development Specialist Alessio Zanelli will make a presentation on “The development of industrial sites, diversification and integration into the global value chain”.
The latest report of the WB and IFC Doing Business -2016 was released last year, and included 189 countries.
Azerbaijan took 63rd place in the ranking with 67.8 points out of a possible 100, entering the top ten countries with the best conditions for starting a business.
With 97.75 points, Azerbaijan placed seventh on this indicator, while in the last report, the country took 11th place.
Azerbaijani ranking was formed from the following indicators: dealing with construction permits (114th against 138th), getting electricity (110th against 104th), protecting minority investors (36th against 54th), international trade 94 (93), payment of taxes 34 (33) and resolving insolvency (84th against 85th).
The Doing Business project provides objective measures of business regulations and their enforcement across 189 economies and selected cities at the subnational and regional level.
The project, launched in 2002, looks at domestic small and medium-size companies and measures the regulations applying to them through their life cycle.
By gathering and analyzing comprehensive quantitative data to compare business regulation environments across economies and over time, Doing Business encourages economies to compete towards more efficient regulation; offers measurable benchmarks for reform; and serves as a resource for academics, journalists, private sector researchers and others interested in the business climate of each economy.
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Amina Nazarli is AzerNews’ staff journalist, follow her on
Twitter: @amina_nazarli
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