Sunday, 19 June, 2016

Iran Ranks 118 out of 189 in World Bank’s Doing Business Report

According to data released by the World Bank in its 2016 annual ease of doing business measurement, Iran ranked 118 among 189 countries.

Iran improved its position from last year’s 119 to 118 in the World Bank Doing Business 2016 ranking, which was released on Tuesday.

Last year’s report ranked Iran at 130, but this year’s report features the recalculated 2015 rankings, in which India comes at 119, computed according to a new methodology.

The WB Doing Business reports, started in 2002, review business regulations and their enforcement across 189 countries.

In the global ranking stakes, Singapore retained its top spot. Joining it on the list of the top 10 economies with the most business-friendly regulatory environments are New Zealand, in second place; Denmark (3); Republic of Korea (4); Hong Kong SAR, China (5); United Kingdom (6); United States (7); Sweden (8); Norway (9); and Finland (10).

The world’s top 10 improvers, which are economies that implemented at least three reforms during the past year and moved up the rankings scale, were Costa Rica, Uganda, Kenya, Cyprus, Mauritania, Uzbekistan, Kazakhstan, Jamaica, Senegal, and Benin.

By region, Sub-Saharan Africa accounted for about 30 percent of the improved global regulatory reforms and half of the world’s top 10 improvers. Multiple reforms were also implemented n Côte d’Ivoire, Madagascar, Niger, Togo and Rwanda. The region’s highest ranked economy is Mauritius, which has a global ranking of 32.

Europe and Central Asia region was also a major reformer during the past year, with Cyprus, Uzbekistan and Kazakhstan, amongst the world’s top 10 improvers. The region had both the largest share of economies implementing at least one reform and the largest average number of regulatory reforms per economy.

In South Asia, six of the region’s eight economies implemented a total of nine reforms – the second largest share of any region after Europe and Central Asia. Economies that implemented several reforms included India, Bhutan and Sri Lanka. The region’s highest ranked economy is Bhutan, which has a global ranking of 71.

Reform activity continued apace in East Asia and the Pacific, with more than half of the region’s 25 economies implementing a total of 27 reforms in the past year. The region hosts four of the top five ranked economies in the world, including Singapore, the world’s top ranked economy.

In the Middle East and North Africa, reform activity picked up slightly with 21 reforms implemented in 11 of the region’s 20 economies. Economies that undertook more than one reform included the United Arab Emirates (UAE), Morocco, Tunisia and Algeria. UAE is the region’s highest ranked economy, with a global ranking of 31.

Latin America and the Caribbean region had the smallest share of reforms, with less than half of the region’s 32 economies undertaking a total of 24 reforms. Costa Rica and Jamaica were among the world’s top 10 improvers. Mexico is the region’s  highest ranked economy, with a global ranking of 38.

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