The World Bank has just published the report “Doing Business 2016: Measuring Regulatory Quality and Efficiency”. The report measures regulations affecting 10 areas of the life of a 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.
Here’s a summary of the report’s main findings:
-Costa Rica, Uganda, Kenya, Cyprus, Mauritania, Uzbekistan, Kazakhstan, Jamaica, Senegal and Benin are among the economies that improved the most in 2014/2015.
-Singapore ranks first on ease of doing business, followed by New Zealand, Denmark, South Korea and Hong Kong, China.
-85 developing economies implemented 169 business reforms during the past year, compared with 154 reforms the previous year. High income economies carried out an additional 62 reforms, bringing the total for the past year to 231 reforms in 122 economies around the world.
Download the report here.