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Print Print Doing Business Equal Opportunity for All A record economies around the world have adopted key reforms that make it easier to start and operate small and medium-sized businessessays Doing Business The new report finds that developing countries carried out more than 75 percent of the reforms in the past year, with Sub-Saharan Africa accounting for over one-quarter of all reforms.
The report cites research that demonstrates that better performance in Doing Business is, on average, associated with lower levels of income inequality, thereby reducing poverty and boosting shared prosperity.
The claims of the Indian politicians that India is a top economy in the world are false; mostly based on fake data. You can know more about India in our Real Voter editorial section. How India Is Destroying Its Cities ] Doing Business data points to continued successes in the ease of doing business worldwide, as governments increasingly take up key business reforms.
The report reveals that starting a new business now takes an average of 21 days worldwide, compared with 46 days 10 years ago. Paying taxes in the Philippines involved 48 payments 10 years ago, compared to 28 now and in Rwanda, the time to register a property transfer has dropped from days a decade ago to 12 days now.
Of these, 23 economies impose more steps for married women than men to start a business.
Doing Business finds that, in these economies, fewer women work in the private sector both as employers and employees.
The report also features expansions to the Paying Taxes indicator, to cover post-filing processes, such as tax refunds, tax audits and administrative tax appeals, to better understand the overall tax environment.
Sincewhen Doing Business started, a total of reforms have been recorded under the Paying Taxes indicator, the second highest number of reforms, with 46 reforms implemented in the past year.
However, easing the requirements for Starting a Business is, by far, the most common area for reform, with almost reforms recorded since Of these, 49 reforms were introduced during the past year. The report studies procurement in 78 economies across five main areas: Europe and Central Asia has consistently been the region with the highest average number of reforms per economy and is now close to having the same good practices in place as the OECD high-income economies.
The bulk of the reforms were aimed at improving tax payment systems, facilitating cross-border trade and starting a new business, with Brazil implementing the most reforms in the past year. However, the region features the greatest gender disparities, with 70 percent of the economies creating barriers for women entrepreneurs.
The bulk of the business reform activity in the region was aimed at facilitating cross-border trade. However, Afghanistan and Pakistan, stipulate additional hurdles for women entrepreneurs. Sub-Saharan Africa economies stepped up the pace of reform activity, with 37 economies undertaking a total of 80 business reforms in the past year, an increase of 14 percent from the previous year.
However, 13 economies in the region stipulate additional hurdles for women entrepreneurs. The full report and accompanying datasets are available here.Doing Business , a World Bank Group flagship report, covers economies and 10 indicator sets: starting a business, dealing with construction permits, getting electricity, registering property, paying taxes, trading across borders, getting credit, protecting investors, enforcing contracts, resolving insolvency.
This year marks the 1th edition in the series. WASHINGTON, October 25, – A record economies around the world have adopted key reforms that make it easier to start and operate small and medium-sized businesses, says Doing Business Equal Opportunity for All, the World Bank Group’s annual report on the ease of doing business.
The new report finds that developing . Selections have been modified. Click on "Apply Changes" at any time to refresh the report with the changes made. Otherwise, click on "Cancel" to go back to previous selections. In the World Bank Group's Independent Evaluation Group, a semi-independent watchdog within the World Bank Group, published an evaluation of the Doing Business index.
The report, Doing Business: An Independent Evaluation, contained both praise and criticism of Doing Business. A copublication of the World Bank, the International Finance Corporation, and Palgrave Macmillan Additional copies of Doing Business , Doing Business , Doing Business How to Reform, Doing Business in The first Doing Business report, pub-lished in , covered 5 indicator sets in economies.
This year’s report. In the World Bank Group's Independent Evaluation Group, a semi-independent watchdog within the World Bank Group, published an evaluation of the Doing Business index. The report, Doing Business: An Independent Evaluation, contained both praise and criticism of Doing Business.