Thursday, 28 January 2021

B Business

WORLD EASE OF DOING BUSINESS RANKING: Nigeria, India, Thailand joins top business reformers

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EASE OF DOING BUSINESS RANKING

 

Developing economies such as Nigeria, India, Thailand and El Salvador have made the largest strides in improving their business climates the World Bank says.

 The report shows New Zealand and Singapore retain their top ranks for ease of doing business.

 

The annual report on 190 countries encourages investment and job creation by cutting red tape and reforming regulations.

 

The global lender also said Sub-Saharan Africa is again the region which has seen the most progress.

 

The annual report tracks indicator areas such as the ease of starting a business, connecting to power grids, contract enforcement, taxes and bankruptcy proceedings; and then, scores countries for their commercial environments and improvements made over time.

Countries with higher scores also tend to create more jobs, according to the report. 

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