World Bank2014-07-182014-07-182009-06https://hdl.handle.net/10986/18906This Investment Climate Policy Note (ICPN) identifies the main constraints to the development of the private sector in the Republic of Congo, based on a survey of enterprises operating in the manufacturing and services sectors, in Pointe Noire and Brazzaville, and to propose specific short term recommendations to address these constraints. The ICPN emphasizes cross-country comparisons and benchmarks the investment climate across various firm characteristics. It is a targeted report focusing on a smaller set of indicators of firm performance and concentrating on certain dimensions of the investment climate. It aims to answer the following key questions: (i) what are the required reforms to improve the investment climate in Congo, (ii) how to prioritize these reforms and (iii) how to implement the priority reforms, what could be the institutional mechanism to drive the reform agenda? The report begins with a discussion of Congo s background, and Chapter 2 describes the investment climate. The last chapter makes recommendations going forward.en-USCC BY 3.0 IGOACCESS TO BANK ACCOUNTSACCESS TO FINANCEACCESS TO FINANCIAL SERVICESACCESS TO INTERNATIONAL MARKETSACCOUNTINGADMINISTRATION OF JUSTICEAGRICULTURAL PRODUCTSARREARSARTERIESBALANCE OF PAYMENTSBANK ACCOUNTBANK FINANCINGBANKING REGULATIONSBANKING SECTORBORROWINGBORROWINGSBROADBAND ACCESSBUSINESS ACTIVITYBUSINESS ENVIRONMENTCENTRAL BANKCIVIL WARCOLLATERALCOLLATERAL REQUIREMENTSCOMMERCIAL BANKSCOMMERCIAL DEBTCOMMODITYCOMMODITY PRICESCOMMUNICATION TECHNOLOGYCORRUPTIONCOSTS OF TRANSPORTCOUNTRY COMPARISONSCREATION OF JOBSCREDIT BUREAUCREDIT GUARANTEECREDIT HISTORYCREDIT SOURCECREDITSCRITICAL MASSCURRENCYDEBTDEPOSITDEPOSITSDEVELOPING COUNTRIESDIVERSIFICATIONDOMESTIC MARKETDRIVINGEARNINGSECONOMIC ACTIVITYECONOMIC DEVELOPMENTECONOMIC GROWTHECONOMIC INTEGRATIONECONOMIC PERFORMANCEECONOMIC REFORMSEDUCATION LEVELEDUCATIONAL ATTAINMENTEMPLOYMENTENABLING ENVIRONMENTENFORCEMENT OF CONTRACTSENTREPRENEURSENTREPRENEURSHIPENTRY POINTEQUAL ACCESSEXCHANGE RATEEXPENDITUREEXPORTEREXPORTERSFARESFEMALE BUSINESSFEMALE BUSINESS OWNERSHIPFINANCE ACCESSFINANCIAL CAPACITYFINANCIAL INFORMATIONFINANCIAL INSTITUTIONFINANCIAL INSTITUTIONSFINANCIAL INTERMEDIATIONFINANCIAL SECTORFINANCIAL SECTOR STRATEGYFINANCIAL STATEMENTFINANCIAL STATEMENTSFIRM PERFORMANCEFISCAL DEFICITFISCAL POLICYFIXED ASSETSFIXED RATEFOREIGN DIRECT INVESTMENTSGOVERNMENT REVENUESGOVERNMENT SUPPORTGROWTH RATEGUARANTEE FUNDHEALTH SERVICESHOUSEHOLDSHUMAN DEVELOPMENTHUMAN RESOURCESINCOMEINCOME INEQUALITYINDEBTED COUNTRIESINEQUALITYINFLATIONINFLATIONARY PRESSURESINFORMAL ECONOMYINFRASTRUCTURE DEVELOPMENTINFRASTRUCTURE INVESTMENTSINFRASTRUCTURE PROJECTSINFRASTRUCTURESINSTITUTIONAL REFORMSINTEREST RATEINTEREST RATESINTERNAL FUNDSINTERNATIONAL BORROWINGINTERNATIONAL TRADEINVESTINGINVESTMENT CLIMATEINVESTMENT CLIMATE REFORMSINVESTMENT PLANINVESTMENT RATEISSUANCEJOB CREATIONJUDICIAL ENVIRONMENTJUDICIAL INSTITUTIONSJUDICIAL SYSTEMLACK OF ACCESSLAND TITLESLIMITED ACCESSLIMITED ACCESS TO BANKLIMITED LIABILITYLINE OF CREDITLINES OF CREDITLIQUIDITYLOANLOAN APPLICATIONLOSS OF CONFIDENCEMACROECONOMIC INSTABILITYMATCHING GRANTSMICRO-ENTERPRISESMICROFINANCEMICROFINANCE INSTITUTIONSMICROFINANCE SECTORMINORITY PARTICIPATIONMOBILE PHONEMOBILE PHONESNATIONAL TRANSPORTNATURAL RESOURCESNEW ENTRANTSNONPAYMENTOIL PRICEOIL PRICESOIL RESOURCESOPERATING COSTSOVERDRAFTOVERDRAFT FACILITIESOVERDRAFT FACILITYPARTIAL CREDITPOLITICAL STABILITYPOWER OUTAGESPRIVATE ENTERPRISESPRIVATE INFRASTRUCTUREPRIVATE INVESTMENTPRIVATE SECTOR CREDITPRIVATE SECTOR DEVELOPMENTPRODUCTIVITYPROPRIETORSHIPPROPRIETORSHIPSPUBLIC DEBTPUBLIC INVESTMENTPUBLIC INVESTMENTSPUBLIC SERVICESPUBLIC SPENDINGPUBLIC UTILITIESRAILRAILWAYRATE OF RETURNRATES OF RETURNREAL ESTATERECESSIONRED TAPEREGIONAL FINANCIAL INSTITUTIONSREGIONAL INTEGRATIONRETAINED EARNINGSROADROAD TRANSPORTROADSRULE OF LAWSAVINGSSAVINGS ACCOUNTSETTLEMENTSMALL FARMERSSOCIAL DEVELOPMENTSTRATEGIC INVESTORSSURFACE TRANSPORTSURFACE TRANSPORTATIONTAXTAX ADMINISTRATIONTAX RATESTAX SYSTEMTECHNICAL ASSISTANCETELECOMMUNICATIONSTRADE FLOWSTRADINGTRADITIONAL INVESTMENTTRAFFICTRAINING CENTERSTRANSPORTTRANSPORT COSTSTRANSPORT INDUSTRIESTRANSPORT INFRASTRUCTURETRANSPORT SECTORTRANSPORT SERVICESTRANSPORT SYSTEMTRANSPORTATIONTRANSPORTATION COSTSTREATYTRUETURNOVERUNACCEPTABLE COLLATERALUNFAIR COMPETITIONUNIONURBAN AREASVOUCHERWEALTHWORKING CAPITALWORLD DEVELOPMENT INDICATORS10.1596/18906