Finance and electricity are among the top constraints faced by formal private enterprises

Finance, infrastructure, and business regulations set the quality of the investment climate and thus influence job creation by private firms. Access to finance, a chief constraint to business expansion in countries in every development phase, is the top constraint in low- and upper-middleincome countries.

Power shortages are the number-two constraint to firm growth and job creation mentioned by entrepreneurs the world over—and number one in low-income countries.