Middle East and North Africa
Poor regulation is the main factor limiting productivity and growth in economies all over the world, particularly in developing countries - this according to the latest research by the McKinsey Global Institute. The solution: regulators need to protect people, not jobs, and stop the practice of trying to pick winners.
On June 1st the IFC announced a $40 million dollar loan to Scancom Limited to boost investment in Ghana’s mobile telecom sector. Such investments are among the most fruitful that institutions such as the IFC can make.
The World Bank has launched a new online discussion on “How to Streamline Business Registration.”
International public opinion, and research such as the World Bank’s Doing Business Project, have agreed to gripe about red tape and the fact that it takes over 200 days to incorporate a business in some countries. But what is the best way to go about this?
In today’s Guardian Kurt Hoffman, director of the Shell Foundation, writes an op-ed on how “only job-creating business can really make poverty history.”
‘Public Policy for the Private Sector’ has just released three new notes by Kerf, Neto and Geradin on country experiences with the regulation of liberalized telecom markets with antitrust and sector-specific rules.