Bangladesh went down two positions to 174 in the international
ranking of World Bank’s (WB) Ease of Doing Business 2016 report released
today.
The report titled “Doing Business 2016: Measuring Regulatory Quality
and Efficiency”, ranked Bangladesh above Afghanistan (177th) in the
South Asia region which comprises of eight nations. Bhutan topped the
ranking (71st) among the South Asian economies.
Every year the WB’s Doing Business sheds light on how easy or
difficult it is for a local entrepreneur to open and run a small to
medium-size business when complying with relevant regulations.
The report measures and tracks changes in regulations affecting 10
areas in the life cycle 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.
These areas were compared across 189 countries -- from Afghanistan to Zimbabwe – to rank the economies.
Doing Business 2016 finds that six of the South Asia region’s eight
economies implemented nine reforms during the past year, compared with
six reforms in four economies the previous year.
