Business Enabling Environment
Although the business-enabling environment has improved in recent years, cumbersome regulations and procedures still impose heavy costs on business. These include burdensome and opaque approval process, licenses, and special levies that impede market entry and raise the costs of doing business. Mozambique remains one of the world’s most difficult places to do business and is not keeping pace with other countries in implementing business environment reforms, which resulted in Mozambique dropping in rank from 134 to 137 (out of 190 countries) in the World Bank’s 2017 Doing Business Report. SPEED+ will work with MIC to target key reforms that will help Mozambique improve not only it’s Doing Business ranking, but the overall business environment, which will attract new investment and spur economic growth.