Impact Evaluation of Business License Simplification in Peru : An Independent Assessment of an International Finance Corporation-Supported Project
This evaluation assesses the impact of International Finance Corporation's (IFC's) Business License Simplification Project in the municipality of Lima, Peru. It reviews two previous evaluations sponsored by IFC and adds new evidence. Und...
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| Format: | Publication |
| Language: | English en_US |
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Washington, DC: World Bank
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2012/10/17097213/impact-evaluation-business-license-simplification-peru-independent-assessment-international-finance-corporation-supported-project http://hdl.handle.net/10986/12227 |
| Summary: | This evaluation assesses the impact of
International Finance Corporation's (IFC's)
Business License Simplification Project in the municipality
of Lima, Peru. It reviews two previous evaluations sponsored
by IFC and adds new evidence. Under the project, IFC's
Foreign Investment Advisory Services (FIAS) worked with the
municipality of Lima to reform the administrative process
for obtaining a business license in Cercado de Lima, one of
44 districts that comprise metropolitan Lima. According to
the municipality, 64 percent of the businesses in this
district lacked a business license in 2005, and most of them
were microenterprises. The project was implemented from
January 2005 to March 2007. The present evaluation conducted
an independent review of both previous studies, collected
additional data, verified the previous findings, and placed
the findings in the context of related studies and
evaluations. The goal was to take stock of the results,
collect and use other evidence, and draw lessons for future
IFC and World Bank operations. This chapter describes and
compares the divergent evidence on which procedures were
simplified by the license reform and by how much. A second
chapter reviews existing evaluations and previous relevant
findings from other countries; a third replicates and
extends the regression evidence on the impact of license
reform on critical business outcomes, such as revenues and
employment. The fourth chapter, a cost-benefit assessment of
the desirability of the whole program, reviews what the
behavior of businesses and their own testimony reveals about
the benefits of registration. The final chapter takes into
account the findings reviewed in previous chapters, as well
as new evidence in this study, and offers policy
implications and recommendations for IFC. |
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