World Bank’s Business Ready 2024 Report: New Data for a Dynamic Private Sector

In developing economies, the private sector generates 90% of jobs, 75% of investment, and over 70% of output. A well-functioning and well-regulated private sector is essential to accelerating economic growth, boosting productivity, and reducing carbon emissions. Yet, as the world grapples with the slowest growth rate in three decades, this engine of growth struggles to regain its footing. The World Bank’s Business Ready 2024 (B-READY) report assesses the business environment across the globe. Improving upon the Doing Business report, B-READY offers more comprehensive data and analysis that can guide policy reforms and foster private sector development that benefit firms, workers, markets, and society as a whole. Join economists, policymakers, business leaders and journalists to explore barriers to long-term growth, good policy practices, and strategies for fostering a business-ready environment. Learn more: http://wrld.bg/rppi50Tqt8E #economicgrowth #businessnews

AGENDA & SPEAKERS
00:00 Welcome by event host, Claire Jones, Financial Times' international economy news editor
01:47 Opening conversation with World Bank's Chief Economist Indermit Gill
17:50 Main findings from Business Ready 2024, by Norman V. Loayza, Director of the Global Indicators Group, World Bank
35:32 Voice of an entrepreneur: Navigating the Business Environment
- Ismael Belkhayat, Co-founder of Chari
49:49 Panel discussion: What reforms are needed to improve the business environment?
- Hon. Francis Gatare, Chief Executive Officer (CEO) of Rwanda Development Board (RDB)
- Mauricio Cardenas, Former Minister of Finance and Public Credit, Colombia; Professor of Professional Practice in Global Leadership, SIPA, Columbia University
- John W.H. Denton, Secretary General of the International Chamber of Commerce (ICC)
- Susan Lund, Vice-President, Economics and Private Sector Development, IFC, World Bank Group
1:23:43 What’s next for Business Ready, by Valeria Perotti, Manager, Business Ready, The World Bank

ABOUT THE WORLD BANK 🌐 The World Bank is one of the world’s largest sources of funding and knowledge for low-income countries. Its five institutions share a commitment to reducing poverty, increasing shared prosperity, and promoting sustainable development on a livable planet. http://www.worldbank.org

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