Investment Climate and Business Environment Research Fund (ICBE) - Phase II

There is an emerging consensus among donor agencies that private sector development is crucial to economic growth and poverty alleviation in the developing world. Africa faces a number of challenges with respect to private sector development. These include small and fragmented economies, structural rigidities (emphasis on agriculture and the informal sector), marginal status in global trade, vulnerability to political instability, poor infrastructure, poorly developed financial markets, lack of institutional support, and lack of business capacity.

The first phase of the project (103660) generated considerable interest among researchers, policymakers and the business communities in several countries. Some of the research it supported helped strengthen understanding of the link between investment climate and private sector development. It put Africa well on the way toward developing a critical mass of indigenous researchers working on issues of investment climate and business environment. And, some of the work produced was synthesized in the form of short, user-friendly case studies.

This phase will support cutting edge research on investment climate and business environment in Africa, with a special focus on combining the traditional framework ("doing business") with an equitable development orientation ("making markets work for the poor"). It will continue to strengthen the capacity of the research teams involved and promote dissemination of the research results to policymakers, the private sector and other stakeholders.

Project ID


Project status


Start Date

Monday, March 1, 2010

End Date

Monday, November 4, 2013


36 months

IDRC Officer

Mbiekop Ouahouo, Flaubert

Total funding

CA$ 2,000,000


North of Sahara, South of Sahara


Employment and Growth

Project Leader

Dr Akwasi AIDOO



Institution Country


Institution Website