We expect to streamline industry-specific regulations in collaboration with industry representatives and the public sector. The goals are best-practice legal frameworks, transparent regulations, and simpler administrative procedures that make it easy to establish private investment projects. We also expect that productive and competitive firms will be created in restricted industries, diversifying and strengthening economic growth, generating employment and income opportunities. From the inception of IFC Advisory Services in MENA to the end of fiscal year 2007, the program has been successfully launched and:
Our primary partners are government ministries and individual regulatory authorities. IFC Advisory Services also works closely with industry associations or representative groups of individual industries to help shape these reform initiatives. When designing industry-specific advisory services projects, IFC Advisory Services' Investment Climate business line works closely with colleagues from the Corporate Advice business line, as well as investment operations, including specialized industry departments. Synergies resulting from a combination of policy reform with specialized assistance to firms in the industry, as well as potential investment projects are likely to enhance the overall impact of these engagements. Wherever possible, IFC Advisory Services in MENA searches for close collaboration with other donors to maximize the availability of resources and coordinate advisory services. Especially in areas where additional resources are needed to develop a sustainable regulatory framework, IFC Advisory Services also aims at developing opportunities for future World Bank lending operations. For additional information contact: Frank Sader Senior Operations Manager E-mail: fsader@ifc.org Sammar Essmat Operations Officer E-mail: sessmat@ifc.org | BUSINESS-ENABLING ENVIRONMENT
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