Mohammadi News Agency News – Features – Photo
MNA Business Desk: Bangladesh has been ranked at no 176 position which is astonishingly below the civil war-ravaged Iraq and Syria, in the World Bank’s business index ranking 2017.
Bangladesh is only above Afghanistan among South Asian countries, according to the report titled “Doing Business 2017: Equal Opportunity for All” released on Tuesday by World Bank.
Among 190 countries worldwide, Bangladesh has placed 176, showing rising movement of only two positions from the previous year’s ranking.
Somalia, Eritrea, Libya, Venezuela and South Sudan are at the bottom of the list while New Zealand, Singapore, Denmark, Hong Kong and South Korea are the top five economies in the WB’s latest report.
Doing Business 2017: Equal Opportunity for All, a World Bank Group flagship publication, is the 14th in a series of annual reports measuring the regulations that enhance business activity and those that constrain it.
Doing Business presents quantitative indicators on business regulations and the protection of property rights that can be compared across 190 economies—from Afghanistan to Zimbabwe—and over time.
Doing Business index measures regulations affecting 11 areas of the life of a business. Ten of these areas are included in this year’s ranking on the ease of doing business: starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts and resolving insolvency. Doing Business also measures labor market regulation, which is not included in this year’s ranking.
Data in Doing Business index 2017 are current as of June 1, 2016. The indicators are used to analyze economic outcomes and identify what reforms of business regulation have worked, where and why.
