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World Bank Group Helping East Asia, Pacific Governments Simplify Business Registration Procedures

Jakarta, Indonesia, October 27, 2009 —The Investment Climate Advisory Services of the World Bank Group is helping governments in East Asia and the Pacific reform their business entry operations to support the formalization of entrepreneurship and drive economic growth.
Together with the Ministry of Justice and Human Rights of Republic of Indonesia, the World Bank Group hosted a business registration practitioners’ workshop to share experiences of key business entry reformers globally on improving the quality of business registration services.
As part of the cooperation between the World Bank Group and the Corporate Registers Forum, an international nonprofit organization for administrators of corporate and securities registers, this workshop was organized for, and attended by, top officials of business registration authorities in East Asia and the Pacific and global experts and leaders of the top-performing business registries such as New Zealand, Canada, Singapore, Australia, and Hong Kong.
“Lower barriers to starting a business leads to smaller informal sector and creates much needed job opportunities,” said Andrei Mikhnev, Product Leader for Business Entry Reforms, World Bank Group. “The participation of business registration authorities from many countries in the workshop today reflects governments’ commitment to continuing their business entry reforms and improving the investment climate for small and medium enterprises.”
Patrialis Akbar, Indonesia’s Minister of Law and Human Rights, said, “Indonesia recognizes the importance of implementing administrative reforms to support private sector development, and our reforms in improving the business registration procedures have been recognized in this year’s Doing Business report. Going forward, the Ministry of Justice and Human Rights will continue to implement reforms to simplify the procedures and requirements, as well as reduce the time it takes to start a business in Indonesia.”
The Investment Climate Advisory Services of the World Bank Group in Indonesia are supported by the governments of Australia, Netherlands, New Zealand, and Switzerland. The program works with the government of Indonesia to improve the investment climate that supports economic growth and job creation through private sector development.
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 multi-donor FIAS platform.