World Development Report 2005 Key Findings
Accelerating growth and poverty reduction requires governments to reduce the policy risks, costs, and barriers to competition facing firms of all types—from farmers and micro-entrepreneurs to local manufacturing companies and multinationals—concludes the World Development Report 2005. Key findings of the report.
Over 90 percent of firms report gaps between policy and practice, and the informal economy accounts for more than half of output in many developing countries. Governments need to close these gaps and confront deeper sources of policy failure that can undermine the investment climate.
— Warrick Smith, Lead Author of the Report
Regional perspectives on investment climate focus on six major regions: Latin America and the Caribbean, Eastern Europe and Central Asia, Middle East and North Africa, East Asia and the Pacific, Sub-Saharan Africa, and South Asia.
These documents (also available in major regional languages) summarize the key findings for the region, drawing on the results of the World Bank's Investment Climate Surveys, and on data from the Doing Business database.