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ACKNOWLEDGEMENTS

Andrew Stone and Geeta Batra were co-task managers, and Daniel Kaufmann was a core member of the steering committee of the World Business Environment Survey (WBES), which was made possible by a grant from the 1998 Innovation Marketplace. WBES reflects a collaboration across units of the World Bank Group, in particular PSI, WBI, IFC, PREM, FIAS, and DEC; and a collaboration between organizationsin particular EBRD, IDB, and Harvard University. WBES was overseen by a steering committee that included this papers authors as well as Guy Pfeffermann, Homi Kharas, Shyam Khemani, and Luke Haggarty. It would not have been possible without the support of the Banks President, James. D. Wolfensohn; members of the World Bank Board of Directors; sponsors Nemat Shafik, Alan Gelb, Luis Guasch, Richard Newfarmer, Paul Collier, Mark Baird, and Magdi R. Iskander. Collaborators on regional, country or analytical efforts included Brian Levy, Hamid Alavi, Ronnie Das Gupta, Su Yong Song, Djordija Petkoski, Karin Millett, David Sewell, Dale Weigel, Roumeen Islam, Aart Kraay, Bernard Drum, Massimo Mastruzzi, and William Rex. Our external partners included Joel Hellman, Steven Fries, and Mark Shankerman of EBRD; Eduardo Lora of IADB; Sara Sievers of the Harvard Center for International Development; and Samiha Fawzy of the Egyptian Center for Economic Studies. The project would not have been possible without the special contributions of Shyam Khemani, Guy Pfeffermann, and more recently, Joseph Battat. This work for this paper was supported by a grant from the Swiss Government, and by joint funding from the Foreign Investment Advisory Service, the Private Sector Advisory Department, the World Bank Institute, and the Innovation Marketplace. The authors thank Massimo Mastruzzi, Nithya Nagarajan, and Jean Pascal Nganou for their contribution to data analysis and presentation.

Disclaimer. The data and views presented do not necessarily reflect official views of the entire institution or its Board of Executive Directors. Given inherent error margins associated with any single survey results, it is inappropriate to use the results from this survey for precise country rankings in any particular dimension of the investment climate or governance.

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