BelCAP

completed

The projects components are building on the previous IFC advisory which helped the government lay out regulatory priorities spelled out in Socio-Economic Plan and the Strategy to support SMEs, adopt RIA principles and methodology framework, and sped up the process of Belarus NQI bodies in harmonizing requirements, procedures and standards with those required for exporting to international markets. The new project will solidify the gains that already made and advance them further, in addition, it will expand the IFC assistance into the area of competition, both in terms of identifying regulatory constraints to competition that limit private sector growth and may put SMEs at disadvantage, and in terms of establishing a more effective competition policy. Each component focus and activities are outlined below: Component 1: Reduce compliance costs for business by de-regulation and improving regulatory governance, transparency and efficiency of regulations; Component 2: Achieve private sector savings by strengthening market competition; Component 3: Reduce private sector costs related to conformity assessment, certification of goods traded internationally, and other export-related procedures; Cross-cutting theme: Gender perspectives of the project will be cross-cutting and mainstreamed across the outputs and outcomes of the projects.