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      Business Ready 2024 – New Data for a Dynamic Private Sector

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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.

      00:00 Welcome

      • Claire Jones, Financial Times' international economy news editor

      01:47 Opening conversation 

      • World Bank's Chief Economist Indermit Gill

      17:50 Main findings from Business Ready 2024

      • Norman V. Loayza, Director of the Global Indicators Group, World Bank

      35:32 Voice of an entrepreneur: Navigating the Business Environment

      • Ismael Belkhayat, Co-founder of Chari

      49:49 Panel discussion: What reforms are needed to improve the business environment?

      • Hon. Francis Gatare, Chief Executive Officer (CEO) of Rwanda Development Board (RDB)
      • Mauricio Cardenas, Former Minister of Finance and Public Credit, Colombia; Professor of Professional Practice in Global Leadership, SIPA, Columbia University
      • John W.H. Denton, Secretary General of the International Chamber of Commerce (ICC)
      • Susan Lund, Vice-President, Economics and Private Sector Development, IFC, World Bank Group

      1:23:43 What’s next for Business Ready

      • Valeria Perotti, Manager, Business Ready, The World Bank

      Ask the Experts

      About the Report

      World Bank's Business Ready 2024

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      With data that are comparable across economies and over time, B-READY provides actionable evidence to promote reforms for a stronger private sector.

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