Project Description
The project is a follow on of the broader regional legal and regulatory reform program, designed to support increased formal business establishment and investment by reducing administrative obstacles to investment and increasing access to business finance
in West and Central Africa. It is about catalyzing some behavioral changes: firms register and become formal as a result of simpler procedures and increased understanding of the benefit of registration; and financial institutions increase the volume of
lending
as they become more comfortable with lending to local businesses with the availability of a better debt-recovery mechanism.