35 3. CORPORATE GOVERNANCE Legal environment 3 Private sector support Mining companies Promoting corporate social responsibility Promoting corporate environmental responsibility 3.1. Legal environment The orientation for creating an appropriate legal and institutional environment for business was materialized by the conduct of a study on the complete inventory of business licences, with a view to reducing administrative burdens for their obtention, streamlining the obtention procedure and reducing the number of licences required for undertaking certain commercial activities. Similarly, to facilitate the creation of businesses, the issue of land titles and building permits, a financing memorandum was signed on 29 June 2012, for the implementation of a proposed inter-connection between the following structures: Centre de formalité des entreprises (CEFORE), Centre de facilitation des actes de construire (CEFAC), Guichet unique du foncier (GUF) and their partners in the public administration, at a cost of CFAF 2,200,000,000, 30% of which will be financed by the national budget. To improve access of SMEs/SMIs to funding, a study was conducted on funding the economy. It led to the following proposals: (i) the creation of an interest relief fund at the Burkinabe Economic and Social Development Fund (FBDES); (ii) strengthening the financial capacity of the Société de financement et de garantie interbancaire (SOFIGIB); (iii) establishment of