Govt seeks to ease environment for private sector
Friday, November 27, 2015
Earlier this year, BoB released P 2. 3 bn into the market
Over the last two years the Ministry of Trade and Industry has been actively involved in the development of the reform roadmap and action plan, which was done in collaboration with the World Bank to improve the business environment in the country as well as its competitiveness.
To this end the reform process is intended to reduce government bureaucracy, eliminate unfriendly business laws and regulations, improve service delivery, reduce tedious paper work as well as leverage on ICT applications.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...