• Strongim Bisnis in Solomon Islands

    Business Enabling Environment

Our Business Enabling Environment Program

Overview

The business enabling environment (BEE) includes norms and customs, laws, regulations, policies, international trade agreements and public infrastructure that either facilitate or hinder the movement of a product or service in a market. At one end of the spectrum, conventions, treaties, agreements and market standards shape the global business enabling environment. The business enabling environment at the national and local level encompasses policies, administrative procedures, enacted regulations and the state of public infrastructure. In addition to these more formal factors, social norms, business culture and local expectations can be powerful aspects of the business enabling environment.

Every day an entrepreneur spends filling out paperwork or in line at a government office is a day not making sales or finding new customers. Burdensome and unpredictable regulation is costly both in terms of the time and money required for compliance as well as an opportunity cost. In many countries, these costs are substantial. A growth-oriented small businessperson faces a choice: comply with regulations and incur costs so high that they jeopardize the business’s viability or try to survive in the informal sector without bank credit or enforceable contracts and at constant risk of harassment from authorities. Reform of the BEE can result in substantial benefits for an economy including faster growth, less unemployment, more gains from trade, greater formalization, reduced poverty, less corruption and lower budget deficits.

  • Identify opportunities to support local initiatives for business enabling environment improvement.

    Improving access to market information, access to finance, sector coordination/collaboration, access to relevant equipment/tools, and gender norms.

  • Supporting the Central Bank and Ministry of Commerce, Industry, Labour, and Immigration (MCILI) efforts of increasing the utilization of the MSME Loan Guarantee as part of the Financial Inclusion Taskforce MSME working group.

    Supporting MCILI with the revision of the MSME policy and action plan.

    A partnership with WARA to pilot a loan fund model to increase access to micro-finance for rural women.

Recent Business Enabling Environment Resources

Our latest resources related to Business Enabling Environment can be downloaded here.

View more Strongim Bisnis resources.

Strongim Bisnis is an Australian Government Initiative

Strongim Bisnis is implemented by Adam Smith International

Location

Location of Strongim Bisnis in Honiara

Business Hours

Monday-Friday: 9am to 4.30pm
Saturday: Closed
Sunday: Closed

Please contact us on:
+677 25664