World Bank says it’s getting easier to do business in the developing world
Developing countries accelerated the pace of reforms over the past year, making it easier to start and run a business, the World Bank Group’s new Doing Business 2016 report finds.
The report, which looks at the business climate in 189 countries, found that 85 developing economies adopted 169 business reforms in the past year, designed to lower the cost and complexity of business regulations and make it easier to start a business.
In a subset of low-income countries, the report ranked Rwanda, Nepal and Uganda the highest for overall ease of doing business, although these economies continued to rank below most developed economies.
The report rates the business climate across multiple categories from starting a business to getting electricity and enforcing contracts. Burundi ranked first among low-income countries for ease of starting a business. Tanzania earned the highest score for getting electricity and enforcing contracts, while Mozambique ranked highest among low-income countries for dealing with construction permits and resolving insolvency.