YEREVAN. – Armenian Government approved an agreement with International Finance Corporation (IFC), included in the World Bank.

IFC realized consulting Regulatory Simplification – Doing Business Reform Project in Armenia from January, 2009 till September 2011. Afterwards, realization of another project improving the investment climate was launched from September, 2011 and will be over in September, 2014.

The new project aims to cooperate with the Armenian Government in reduction of the administrative burden and regulatory barriers in the five areas: starting a business, dealing with construction permits, paying taxes, trading across borders and inspections reforms.

The project is co-financed by the Federal Ministry of Finance of Austria and the Dutch Development of Cooperation at the Ministry of Foreign Affairs of the Netherlands.