2007 - present
Supported with funds from the governments of Canada, the Netherlands, Sweden and Switzerland
The project is designed to contribute to the creation of a regulatory environment that supports the development of small and medium enterprises and improves the overall business environment in Ukraine. IFC provides customized advice on how to improve and simplify regulations and encourage and retain investment, helping foster competitive markets, economic growth, and job creation.
The Challenge
Ukraine has significantly improved its regulatory system since independence. However, much remains to be done. Healthy regulatory reform is critical to leveraging the full potential of Ukrainian businesses and increasing their competitiveness by reducing the regulatory burden and simplifying conditions for business development. An over-regulated permit process, excessive and ineffective inspections, and overly prescriptive and costly technical regulations systems are among the main barriers to business development in Ukraine. Agribusiness, for example, is underdeveloped in Ukraine, realizing only 22 percent of its potential output, largely because of the regulatory issues outlined above.
IFC Approach
Help develop legislation in close cooperation with government agencies to ease conditions for doing business in Ukraine and improve the investment attractiveness of local businesses.
Monitor the business environment and investment climate of the country by conducting regular surveys to assess the impact of government reforms.
Increase awareness about enacted reforms among key market stakeholders by relationship-building and development of information campaigns. This includes conducting seminars and round tables for government officials, business associations and representatives of the business community and media.
Learn more from Project brochure.
