Role of Business Registration in Economic Growth Terry Reid

1. Role of Business
Registration in Economic
Growth
Terry Reid
Asian Development Bank
CRF
March 2015

2. Key points
Informal v formal economy
Contracting
Legal Identity
Transparency
Finance for economic growth
Access (domestic and international)
Technology solutions

3. ADB support
Pacific Private Sector Development Initiative
Business Registries –
Tonga, Solomon Islands, Samoa, Vanuatu
Secured Transactions Registries –
Palau, Federated States of Micronesia, Marshall Islands, Tonga,
Vanuatu, Solomon Islands, Samoa, Papua New Guinea
Mekong Business Initiative

4. Results: Solomon Islands Example

5. Results: New incorporations

6. Results: Time and Cost