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Baku, Azerbaijan, May 10, 2011—
IFC, a member of the World Bank Group, is helping the government of Azerbaijan to increase transparency, reduce its administrative burden, and improve the country’s investment climate by supporting the introduction of an electronic business inspection registry.
This reform, adopted with assistance from IFC Advisory Services, will improve the effectiveness of business inspections and help strengthen compliance with government regulations. The centralized e-registry sets clear procedures for both clients and inspectors, allows for process traceability, post-inspection evaluation and accurate data collection. Entrepreneurs will now have better access to information about planned inspections and can request clearance notification on the validity of an upcoming inspection.
“As a platform facilitating interaction between controlling agencies and businesses, the e-Registry of Inspections will help improve the investment climate in the country,” said Ilqar Mamedov, Head of the Registration and Notary General Department at Azerbaijan’s Ministry of Justice. “We are grateful to IFC for providing expert advice and sharing international practices in developing e-registries.”
“Our cooperation with the Ministry of Justice was very productive and results-oriented,” said IFC’s Project Manager, Irina Niederberger. “We look forward to continuing our support for inspection reform in Azerbaijan.”
The World Bank Group’s Azerbaijan Investment Climate Advisory Services Project is supported by the Swiss government's State Secretariat for Economic Affairs (
www.seco-cooperation.admin.ch
), which is responsible for economic and trade policy measures within Switzerland’s development cooperation and transition assistance.
To learn more about Azerbaijan’s new electronic business inspection registry, visit
www.yoxlama.gov.az
.
About IFC
IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in developing countries. We create opportunity for people to escape poverty and improve their lives. We do so by providing financing to help businesses employ more people and supply essential services, by mobilizing capital from others, and by delivering advisory services to ensure sustainable development. In a time of global economic uncertainty, our new investments climbed to a record $18 billion in fiscal 2010. For more information, visit
www.ifc.org
.
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