Kyrgyzstan Goes In For WB's Business Ready Program
(MENAFN- Trend News Agency)
BISHKEK, Kyrgyzstan, January 9. The Ministry of
Economy and Commerce of Kyrgyzstan has announced its plans to begin
preparations for participating in the World Bank's Business Ready
(B-Ready) program, Trend reports.
Business Ready, which replaces Doing Business Index, is a new
tool designed to analyze and improve business conditions. The
program targets countries at various stages of economic development
and offers mechanisms to remove administrative barriers, modernize
institutional frameworks, and boost investment attractiveness.
As part of its involvement in B-Ready, the Ministry of Economy
has outlined several key objectives. These include creating more
favorable conditions for both domestic and foreign investors,
simplifying administrative procedures for entrepreneurs, enhancing
export potential, and improving public administration systems.
Special attention will be given to the integration of modern
digital technologies to streamline processes.
According to the Ministry, the successful implementation of the
program will be a crucial step toward enhancing Kyrgyzstan's global
competitiveness. It will also help build trust among local
businesses and international investors, laying the foundation for
long-term economic reforms.
The country is gearing up to roll out a survey, which will lay
the groundwork for the analytical framework within the program. It
is anticipated to shed light on the current hurdles in the nation's
business landscape and pave the way for future reforms.
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