Latin America & the Caribbean


Legal & regulatory
Introduction

Human & social development

Public finances

Financial markets

Governance & public sector

Operations

To facilitate private sector development, as well as to safeguard consumer interests, the Bank is helping several countries establish clear, impartial legal and regulatory environments with predictable enforcement. It is helping Guatemala prepare selected infrastructure sectors for privatization and concessioning through a technical assistance project that includes support to prepare legislation and strengthen regulatory agencies. A technical assistance loan to Colombia is also supporting regulatory reform. El Salvador's overall competitive posture is being revised through the ongoing Competitiveness Enhancement Technical Assistance Project, and during the 1996 Annual Meetings a special country seminar on El Salvador's competitiveness program was widely attended by potential investors. The IFC is also playing a key role in supporting the competitiveness program through its Extended Reach Initiative program. IFC's field presence in the country is forging deeper links with private firms, and a separate financing facility, the Small Enterprise Fund, has been established. The competitiveness strategy is also being supported by the Foreign Investment Advisory Service (FIAS) and MIGA through investment promotion and information dissemination services. FIAS is also a partner in the Bank-financed Trinidad and Tobago Business Expansion and Industrial Restructuring Project, where it is providing advice on investment regime reforms. In Brazil the Bank undertook a study of the elements of "Custo Brazil," the various financial, regulatory, and infrastructure costs that have impaired Brazilian producers' competitiveness.

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Last update:   September 19, 1997
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