Doing Business in Belarus
It's Tuesday, so this must be Minsk. The Doing Business 2009 roadshow is here because, while last year it took 231 days to transfer property in Minsk, this year it takes just 21 - as a result of comprehensive reforms including a one-stop shop for property registration, simplified procedures and computerization of records. This, together with reforms affecting 5 other DB indicators, made Belarus the #4 reformer in DB09, jumping 30 places overall (to the #85 spot) and a massive 81 places on the "registering property" indicator.
HiThe DB "top reformers" list can get some surprised reactions. But the reality is that an increasing number of countries - like Belarus - are quietly and systematically working away at cutting red tape and expanding e-governance in key areas of regulation important for domestic businesses. In Belarus the IFC has actively been supporting the government in its streamlining efforts and its ambitious goal of significantly improving Belarus's overall DB ranking. And the IFC's "Bel.Biz" initiative provides a platform for the exchange of ideas for further reforms. With sustained reform efforts by the government of Belarus along with IFC assistance, expect to hear more about Belarus in forthcoming DB publications.
Comments (1)
Delicious
E-mail
Facebook
Follow us on Twitter
Congratulations to Belarus for being one of the four new members to the IFC's list of nations making the most reforms to improve business! And congratulations to your team.
President Lukashenko still needs to do much more to improve Belarus's climate for doing business, but this is a very positive sign of Belarus's potential.
A vibrant, free economy energized by what I call the engine of "New Enlightened Capitalism" (see the first entry on my blog), is necessary for the healthy and happy evolution of the economies of the 21st century. In making the necessary reforms good for your nation's business climate, Belarus's best and brightest need to do everything possible to influence your business leaders, your politicians and lawmakers decisions to advance toward novel approaches, combined with those economic models that we already know works well. Set an example for the world! Make Belarus a thrilling place to live in the future!
Posted by: Madison Reed | Sep 18, 2008 9:58:52 AM