Kyiv, Ukraine, September 30, 2008
—The government of Ukraine has made measurable progress in implementing reforms involving business inspections, which could improve the overall business climate, according to survey of Ukrainian enterprises by IFC, a member of the World Bank Group.
The survey of 1,300 enterprises was conducted by telephone. Key results:
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65 percent reported they had been properly and adequately informed about the reason for unplanned inspections
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71 percent confirmed they had received the required advance notice for planned inspections
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82 percent said that inspecting officials had presented the correct documentation upon arrival for the inspection
These results show an increasing rate of compliance with procedural stipulations and a growing respect for entrepreneurs and the overall business environment. This could help improve Ukraine’s competitiveness internationally.
“Although the inspections law has not been fully implemented due to turbulence in Ukraine’s political arena, we can take heart from the improvements and positive results emerging from the survey,” said Volodymyr Zhovtukha, Director of Regulatory Policy for Ukraine’s Ministry of Economy.
Building on the results of the survey, IFC will continue to promote reform of inspections laws in Ukraine. This effort is led by the IFC Ukraine Business Enabling Environment Project, which supports the development of small and medium enterprises and works to improve the country’s investment climate. Donors include the governments of Canada, the Netherlands, and Sweden.
About IFC
IFC, a member of the World Bank Group, creates opportunity for people to escape poverty and improve their lives. We foster sustainable economic growth in developing countries by supporting private sector development, mobilizing private capital, and providing advisory and risk mitigation services to businesses and governments. Our new investments totaled $16.2 billion in fiscal 2008, a 34 percent increase over the previous year. For more information, visit
www.ifc.org
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For more information about IFC’s partners, please visit:
The Dutch Agency for International Business and Cooperation,
www.evd.nl
The Swedish International Development Cooperation Agency,
www.sida.org
