Facility for Investment Climate Advisory Services - Institutional Support 2013-2021

Results achieved by the Facility for Investment Climate Advisory Services through the support of the Government of Canada and other international donors as of the end of the project June 2017 include: (1) continued emphasis on conflict-affected countries members of the International Development Association (IDA) and the Sub-Saharan Africa region; (2) the ongoing work has benefited more than 75 countries by streamlining business regulation rationalizing tax policies promoting trade and investment and increasing the competitiveness of their businesses large and small. Notable achievements include: 76 reforms in 41 client countries; 66 of the 76 reforms or 87% were relevant to the 2017 Doing Business Report topics; $15.2 million in compliance cost savings bringing the total in savings to the private sector from regulatory reform to USD208.2M for Phase 1 of FIAS. Further 10 countries listed as the most improved in terms of reforms undertaken in the Doing Business 2017 benefited from FIAS-supported projects. And FIAS activities were geographically diverse focusing on fragile and conflict states (FCS) and IDA countries – 76% of reforms were achieved in IDA countries; 66% in Sub-Saharan Africa; 29% in FCS.