Program Manager, Business Regulation Regional Lead for South Asia
IFC Advisory Services
Goran Sumkoski will be a visiting expert in the Development Research Group from October 28 to December 28, 2013. He currently serves as a program manager in the joint World Bank-IFC Investment Climate department in Bangladesh, is leading the Regulatory Simplification pillar of the large Bangladesh Investment Climate Fund program financed by the Department for International Development (DFID) in a United Kingdom and the European Union, and is also the business regulation regional lead for Nepal, India, Bhutan, Sri Lanka and Bangladesh.
Beyond working and studying in Europe, the United Kingdom and the United States, Mr. Sumkoski was a director of a number of economic development projects for organizations such as the European Union, United Nations Development Program, Asian Development Bank, GIZ, Swiss Agency for Development and Cooperation, etc. He has implemented projects in regions and countries ranging from East Asia and the Philippines, Central Asia, South Asia, former Soviet Union (FSU) countries, to the Balkans. Mr. Sumkoski supported the Kyrgyz Republic’s successful Doing Business reform program (the country was recognized as the 2nd top reformer in the Doing Business 2010 report), helped restructure Bosnian state-owned institutions, and worked to introduce the local economic development approach in Tajikistan.
Over the next three years, Mr Sumkoski is planning on developing research papers on the topics of tax compliance; competitiveness and regulation; and the methodology for a regulatory failure index to measure the gap between expected and achieved outcomes of regulatory reforms.
Born in Macedonia, Mr. Sumkoski is a British citizen and received his B.Sc. from the St. Cyril and Methodius University and his M.Sc. from the London School of Economics. He is currently pursuing his Ph.D. at the University of Hertfordshire. He also spent a year as a Visiting Fulbright Fellow at the Carlson School of Management, University of Minnesota, on corporate and investment finance.
His top three priorities during his visit are to:
- Conduct empirical research on the links between sector regulations and levels of private investment in the corresponding sectors (e.g., gas, electricity, roads, and communications). A unique set of OECD-style indicators on Product Market Regulation in Energy, Gas, Transport, and Communications has been compiled for all seven non-manufacturing sectors in Bangladesh for the period 1975 – 2013. My time spent with DEC colleagues will be used to test hypotheses about the impact of these regulations on investment in developing countries, with the goal of publishing the results in a research paper.
- Develop more systematic channels and build connections with colleagues in DEC for utilizing the vast expertise from the DEC research department in helping produce and implement innovative development solutions for our client governments in developing world.
- Explore the potential to develop further areas of joint research and further forging links between the development practitioners and academic world by enabling DEC to make better use of unique sets of data, surveys, case-studies, developed during the implementation of investment climate, private sector development and economic development interventions in developing countries.