Doing Business is the 16th in a series of annual reports investigating the regulations that enhance business activity and those that constrain it.
With the restoration of stability and improved economic prospects, the development partners are increasing their assistance to Nepal. The MCC assistance will not only directly channeled to the national budget, it will also help whitewash Nepal's image in the international community that its ready to development.
The US has decided to make Nepal eligible for its large-scale Compact Programme for investment, finance minister Dr Ram Sharan Mahat said, adding that the move has come due to improvement in various economic indicators and the country's progress in institutionalising democratic process. Compact Programmes are multi-year agreements between the Millennium Challenge Corporation MCC and a given country to fund specific programmes targeted at reducing poverty and stimulating economic growth.
He also thanked the US government for the assistance and its continuous support for the socio-economic development of Nepal.
Dr Mahat thanking the MCC informed him of the country's willingness to utilise the investment in the infrastructure, especially in hydropower and road transportation. The Millennium Challenge Corporation MCC had selected Nepal for its threshold funding in December also but Nepal was yet to receive any grant under the funding, in the form of small-scale grants.
Along with Nepal, the MCC board has also selected Mongolia and the Philippines as eligible for new Compact Programme recipient countries, in addition to the previous 25 countries.
MCC is an innovative and independent US foreign assistance agency that is helping lead the fight against global poverty. There are two primary types of MCC grants: Compacts and Threshold Programmes. Compacts are multi-year agreements between the Millennium Challenge Corporation and a country to fund specific programmes targeted at reducing poverty and stimulating economic growth.
Threshold Programmes are smaller-scale grants awarded to countries that may not qualify for compact funding but are firmly committed to improving policy performance. Likewise, China has also pledged to increase grant assistance for Nepal by over per cent in the next fiscal year The meeting that is being held after seven years, is scheduled for Wednesday and Thursday, will discuss issues related to trade, investment and foreign assistance.
Nepal has, however, received foreign cash loans of Rs 1.The report is compiled and published jointly by The World Bank and The International Finance Corporation.
It is the 11th in a series of annual reports investigating the regulations that enhance business activity and those that constrain it. World Bank, Ohio State University (OSU) - Department of Agricultural, Environmental & Development Economics and Doing Business Report Downloads 67 (,) View PDF.
The World Bank’s ‘Doing Business’ reforms were originally expected to help the growth and formalisation of SMEs and micro enterprises. The expectations that reforms would support the growth and development of SMEs were challenged by scholars, but the reforms’ impact on the micro enterprises of the poor has received little scholarly attention.
® INTERNATIONAL FINANCE CORPORATION Pennsylvania Avenue, N.W. Washington, D.C. U.S.A. 2 STAKEHOLDER ENGAGEMENT As part of IFC’s ongoing commitment to capture and share global A Good Practice Handbook for Companies Doing Business in Emerging Markets. In doing so, we have drawn on IFC’s own learning and experiences of.
Between June and June , the report, which measures economies worldwide, documented business reforms. Among reforms to reduce the complexity and cost of regulatory processes, those in the area of starting a business were the most common in /15, as in the previous year. The ease of doing business index measures the quality of the business environment and the impact of national government policymaking on the cost of doing business throughout the lifecycle of small- and medium-sized firms.