A Better Investment Climate for Everyone, the World Bank’s annual World Development Report for 2005, was launched on September 28, 2004. The Report focuses on what governments can do to improve the investment climates of their societies to increase growth and reduce poverty. Video or Transcript of the Washington DC press conference.
Note: World Development Report 2006 on Equity and Development has also been published (in September 2005).
A good investment climate is central to growth and poverty reduction. A vibrant private sector creates jobs, provides the goods and services needed to improve living standards, and contributes taxes necessary for public investment in health, education, and other services. But too often governments stunt the size of those contributions by creating unjustified risks, costs, and barriers to competition.
— François Bourguignon, Senior Vice President and Chief Economist, The World Bank
The Report, written by a core team led by Warrick Smith,
- draws on surveys of over 30,000 firms in 53 developing countries, the Bank's Doing Business database, country case studies, and other new research.
- highlights opportunities for governments to improve their investment climates by expanding the opportunities and incentives for firms of all types to invest productively, create jobs, and expand.