M-Vector conducts enterprise survey for World Bank Group
The World Bank Group has begun work to assess the business and investment climate in up to 180 economies under its flagship Business Ready project—a key instrument of its new strategy to facilitate private investment, generate employment, and improve productivity to help countries accelerate development in inclusive and sustainable ways.
Business Ready project reflects balanced and transparent approach toward evaluating a country’s business and investment climate—one that has been shaped by recommendations from experts from within and outside the World Bank Group, including governments, the private sector, and civil society organizations. The first annual Business Ready report, covering 54 economies, will be published in the Spring of 2024.
The project’s objective is reflected in its name—to make each country’s economic environment ready for a dynamic private sector. The name highlights the fact that economies exist in different stages of readiness, and that governments play a key role in creating a business environment that is conducive for sustainable development.
In Kyrgyzstan Enterprise Surveys for World Bank are conducted by research company M-Vector. Enterprise Surveys is a standard establishment-level survey that is representative of the non-agricultural, non-extractive private sector, covering registered establishments with 5 or more employees. Each Enterprise Survey is a nationally representative sample of private firms to obtain an unbiased picture of the conditions and evolution of the business climate in the whole economy. For Kyrgyz Republic, the sample is randomly selected from the list of companies obtained from the National Statistical Committee. All information collected by the project—raw granular data, scores, as well as the calculations used to obtain the scores—will be made publicly available on the project website. Moreover, all results presented in the reports will be replicable using straightforward toolkits available on the website.
Business Ready focuses on 10 topics covering the lifecycle of a firm in the course of starting, operating, or closing or reorganizing its activities: Business Entry, Business Location, Utility Services, Labor, Financial Services, International Trade, Taxation, Dispute Resolution, Market Competition, and Business Insolvency. Over the next three years, the project will grow to cover about 180 economies worldwide annually, starting with 54 economies in 2023-24, 120 economies in 2024-25, and reaching 180 economies in 2025-26.
World Bank website: https://www.worldbank.org/en/businessready
Enterprise survey website: https://www.enterprisesurveys.org/
M-Vector website: https://www.m-vector.com/