Writen by Abdul Mujeeb 9:19:00 AM - 0 Comments
|Sri Lanka the most improving economy|
Doing Business report
"first time since 2005 that a South Asian economy has ranked so high."Sri Lanka is one of the ten economies in the world that are improving the most in the ease of doing business ranking in the South Asian region while bettering its ranking to 81 from 89, according to a new global survey by the International Finance Corporation (IFC) and World Bank comparing 185 countries.
"Sri Lanka implemented the most regulatory reforms among the eight economies covered in South Asia, helping to create a better environment for local entrepreneurs," the World Bank and International Finance Corporation(IFC)said.
Maldives was ranked 95, Pakistan 107, Nepal 108, Bangladesh 129, India 132, Bhutan 138 and Afghanistan 168. According to the report, from June 2011 to June 2012,
According to the 2013 "Doing Business" report South Asia has been the least active in strengthening investor protections. Over the past 8 years Doing Business recorded 3 investor protection reforms among the region's 8 economies - in India, Pakistan and Sri Lanka.
The 10 economies with the most business-friendly regulation are Singapore, Hong Kong SAR, China, New Zealand, the United States, Denmark, Norway, the United Kingdom, South Korea, Georgia, and Australia.