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WORLD BANK GROUP AND ARMENIA COOPERATE TO REDUCE ADMINISTRATIVE BARRIERS FOR ENTREPRENEURS
TendersInfo
February 9, 2012 Thursday
The Investment Climate Advisory Services of the World Bank Group
and the Ministry of Economy of Armenia today agreed to work together
to reduce the administrative burden for businesses and improve the
investment climate in Armenia, especially through IFC, a member of
the World Bank Group.
Tigran Davtyan, Minister of Economy of the Republic of Armenia, and
Thomas Lubeck, IFC Regional Head for the Caucasus, signed the agreement
in Yerevan today authorizing cooperation between the government and
the Armenia Investment Climate Reform Project. The project builds on
close collaboration established within the framework of the Armenia
Doing Business Reform - Regulatory Simplification Project, which was
implemented by IFC from 2009-11.
One of the key priorities of the Armenian government is to develop a
favorable environment for business people, both to attract foreign
investments and increase Armenia s competitiveness in the global
market, said Tigran Davtyan, Minister of Economy of Armenia. A number
of activities are implemented in this regard, and partnering with
IFC in the scope of Armenia Investment Climate Reform Project is one
of them.
A better investment climate will strengthen Armenia s private sector
and increase overall economic growth in the country. In partnership
with IFC, the Armenian government will implement a number of reforms
in the areas of taxation, trade logistics, business inspections, and
food safety. IFC will also assist the government in raising awareness
among entrepreneurs on the benefits of these reforms.
Thomas Lubeck, IFC Regional Head for the Caucasus, said, We welcome
the government s willingness to make doing business easier for Armenia
s entrepreneurs. Armenia has already made progress in this area,
which was confirmed in the Doing Business Report 2012 rankings. We
look forward to helping the government make further improvements that
will benefit businesses, particularly those in the agribusiness sector,
which provides significant employment in Armenia.
Through the previous project IFC has helped Armenia streamline
start-up procedures for businesses and simplify the tax system and
customs control procedures. IFC also helped the government make
business inspections more efficient and transparent, and to reduce
the average time required to obtain a construction permit.
About the Investment Climate Advisory Services of the World Bank Group
The Investment Climate Advisory Services of the World Bank Group helps
governments implement reforms to improve their business environment,
and encourage and retain investment, thus fostering competitive
markets, growth and job creation. Funding is provided by the World
Bank Group (IFC, MIGA, and the World Bank) and over fifteen donor
partners working through the multidonor FIAS platform.
From: A. Papazian
TendersInfo
February 9, 2012 Thursday
The Investment Climate Advisory Services of the World Bank Group
and the Ministry of Economy of Armenia today agreed to work together
to reduce the administrative burden for businesses and improve the
investment climate in Armenia, especially through IFC, a member of
the World Bank Group.
Tigran Davtyan, Minister of Economy of the Republic of Armenia, and
Thomas Lubeck, IFC Regional Head for the Caucasus, signed the agreement
in Yerevan today authorizing cooperation between the government and
the Armenia Investment Climate Reform Project. The project builds on
close collaboration established within the framework of the Armenia
Doing Business Reform - Regulatory Simplification Project, which was
implemented by IFC from 2009-11.
One of the key priorities of the Armenian government is to develop a
favorable environment for business people, both to attract foreign
investments and increase Armenia s competitiveness in the global
market, said Tigran Davtyan, Minister of Economy of Armenia. A number
of activities are implemented in this regard, and partnering with
IFC in the scope of Armenia Investment Climate Reform Project is one
of them.
A better investment climate will strengthen Armenia s private sector
and increase overall economic growth in the country. In partnership
with IFC, the Armenian government will implement a number of reforms
in the areas of taxation, trade logistics, business inspections, and
food safety. IFC will also assist the government in raising awareness
among entrepreneurs on the benefits of these reforms.
Thomas Lubeck, IFC Regional Head for the Caucasus, said, We welcome
the government s willingness to make doing business easier for Armenia
s entrepreneurs. Armenia has already made progress in this area,
which was confirmed in the Doing Business Report 2012 rankings. We
look forward to helping the government make further improvements that
will benefit businesses, particularly those in the agribusiness sector,
which provides significant employment in Armenia.
Through the previous project IFC has helped Armenia streamline
start-up procedures for businesses and simplify the tax system and
customs control procedures. IFC also helped the government make
business inspections more efficient and transparent, and to reduce
the average time required to obtain a construction permit.
About the Investment Climate Advisory Services of the World Bank Group
The Investment Climate Advisory Services of the World Bank Group helps
governments implement reforms to improve their business environment,
and encourage and retain investment, thus fostering competitive
markets, growth and job creation. Funding is provided by the World
Bank Group (IFC, MIGA, and the World Bank) and over fifteen donor
partners working through the multidonor FIAS platform.
From: A. Papazian