Jakarta, Indonesia, October 27, 2009—The
Investment Climate Advisory Services of the World Bank Group is helping
governments in East Asia and the Pacific reform their business entry operations
to support the formalization of entrepreneurship and drive economic growth.
Together with the Ministry of Justice
and Human Rights of Republic of Indonesia, the World Bank Group hosted
a business registration practitioners’ workshop to share experiences of
key business entry reformers globally on improving the quality of business
registration services.
As part of the cooperation between the
World Bank Group and the Corporate Registers Forum, an international nonprofit
organization for administrators of corporate and securities registers,
this workshop was organized for, and attended by, top officials of business
registration authorities in East Asia and the Pacific and global experts
and leaders of the top-performing business registries such as New Zealand,
Canada, Singapore, Australia, and Hong Kong.
“Lower barriers to starting a business
leads to smaller informal sector and creates much needed job opportunities,”
said Andrei Mikhnev, Product Leader for Business Entry Reforms, World Bank
Group. “The participation of business registration authorities from many
countries in the workshop today reflects governments’ commitment to continuing
their business entry reforms and improving the investment climate for small
and medium enterprises.”
Patrialis Akbar, Indonesia’s Minister
of Law and Human Rights, said, “Indonesia recognizes the importance of
implementing administrative reforms to support private sector development,
and our reforms in improving the business registration procedures have
been recognized in this year’s Doing Business report. Going forward,
the Ministry of Justice and Human Rights will continue to implement reforms
to simplify the procedures and requirements, as well as reduce the time
it takes to start a business in Indonesia.”
The Investment Climate Advisory Services
of the World Bank Group in Indonesia are supported by the governments of
Australia, Netherlands, New Zealand, and Switzerland. The program works
with the government of Indonesia to improve the investment climate that
supports economic growth and job creation through private sector development.
About the Investment Climate Advisory
Services of the World Bank Group
The Investment Climate Advisory Services
of the World Bank Group helps governments implement reforms to improve
their business environment, and encourage and retain investment, thus fostering
competitive markets, growth and job creation. Funding is provided by the
World Bank Group (IFC, MIGA, and the World Bank) and over fifteen donor
partners working through the multi-donor FIAS platform.