Tool: Business and Investment Climate Assessment (BICA)

The World Bank defines a business and investment climate as the opportunities and incentives for firms to invest productively, create jobs, and expand. The business and investment climate serves as the framework that enables foreign and domestic companies to conduct business and seek profits in a given country. The investment climate can be defined by three broad sets of variables namely, macroeconomic policies such as fiscal, monetary and trade policies; Governance and institutions; and  Infrastructure. The business and investment climate is made up of much more than just the tax rates and fiscal incentives
available to businesses. Other critical components include: political stability, rule of law and macroeconomic conditions