Baku, Azerbaijan, May 10, 2011—IFC,
a member of the World Bank Group, is helping the government of Azerbaijan
to increase transparency, reduce its administrative burden, and improve
the country’s investment climate by supporting the introduction of an
electronic business inspection registry.
This reform, adopted with assistance
from IFC Advisory Services, will improve the effectiveness of business
inspections and help strengthen compliance with government regulations.
The centralized e-registry sets clear procedures for both clients and inspectors,
allows for process traceability, post-inspection evaluation and accurate
data collection. Entrepreneurs will now have better access to information
about planned inspections and can request clearance notification on the
validity of an upcoming inspection.
“As a platform facilitating interaction
between controlling agencies and businesses, the e-Registry of Inspections
will help improve the investment climate in the country,” said Ilqar Mamedov,
Head of the Registration and Notary General Department at Azerbaijan’s
Ministry of Justice. “We are grateful to IFC for providing expert advice
and sharing international practices in developing e-registries.”
“Our cooperation with the Ministry
of Justice was very productive and results-oriented,” said IFC’s Project
Manager, Irina Niederberger. “We look forward to continuing our support
for inspection reform in Azerbaijan.”
The World Bank Group’s Azerbaijan Investment
Climate Advisory Services Project is supported by the Swiss government's
State Secretariat for Economic Affairs (www.seco-cooperation.admin.ch),
which is responsible for economic and trade policy measures within Switzerland’s
development cooperation and transition assistance.
To learn more about Azerbaijan’s new
electronic business inspection registry, visit www.yoxlama.gov.az.
IFC, a member of the World Bank Group,
is the largest global development institution focused on the private sector
in developing countries. We create opportunity for people to escape poverty
and improve their lives. We do so by providing financing to help businesses
employ more people and supply essential services, by mobilizing capital
from others, and by delivering advisory services to ensure sustainable
development. In a time of global economic uncertainty, our new investments
climbed to a record $18 billion in fiscal 2010. For more information, visit