IFC Survey Shows Reform of Ukraine’s Inspections Law is Making Progress
In Kyiv:
Victoria Tetyora
Phone: (+38044) 490-6400
E-mail: vtetyora@ifc.org
In Moscow:
Ilya Sverdlov
Phone: (+7 495) 411-7555
E-mail: isverdlov@ifc.org
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:
- 65 percent reported they had been properly
and adequately informed about the reason for unplanned inspections
- 71 percent confirmed they had received
the required advance notice for planned inspections
- 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.
For more information about IFC’s partners, please visit:
The Canadian International Development Agency, www.acdi-cida.gc.ca/index.htm
The Dutch Agency for International Business and Cooperation, www.evd.nl
The Swedish International Development Cooperation Agency, www.sida.org
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