World Bank Document

CPF Objective 1.1:  Improved regulatory requirements for business  

Intervention Logic: The Government recognizes that the current regulatory environment continues to pose a barrier 

for businesses, particularly small and medium-sized enterprises which bear a disproportionate regulatory burden 

relative to their revenue. Key problems include overly complex regulations, a high level of discretion by regulators, 

and multiple interactions with different agencies. A related issue concerns improved regulatory governance which 

would include private sector participation in regulatory design, integrated use of public-private dialogue, feedback 

mechanisms, and appeals processes. The quality of various regulatory procedures is uneven, with evidence from 

sources such as Doing Business suggesting particular problems exist in tax and trade procedures.  

 

The proposed WBG support is aimed at gradual elimination of key challenges that undermine competition, drive the 

private sector entities into the informal side of the economy and hinder their growth.