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In developing economies, the private sector generates 90% of jobs, 75% of investment, and over 70% of output. A well-functioning and well-regulated private sector is essential to accelerating economic growth, boosting productivity, and reducing carbon emissions. Yet, as the world grapples with the slowest growth rate in three decades, this engine of growth struggles to regain its footing.
The World Bank’s Business Ready 2024 (B-READY) report assesses the business environment worldwide. Improving upon the Doing Business report, B-READY offers more comprehensive data and analysis that can guide policy reforms and foster private sector development that benefit firms, workers, markets, and society as a whole.
The event has concluded, but you can download the report and use #BusinessReady to continue exploring barriers to long-term growth, good policy practices, and strategies for fostering a business-ready environment.