The World Bank – Doing Business in 2009

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The World Bank – Doing Business in 2009

The International Finance Corporation, the private business arm of the World Bank Group, has published the sixth in a series of annual reports on “Doing Business 2009.” The reports investigate 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 the globe from Afghanistan to Zimbabwe over time.

A set of regulations affecting 10 states of a business’s life are measured: starting a business, dealing with construction permits, employing workers, registering property, getting credit, protecting investors, paying taxes, trading across borders, enforcing contracts and closing a business. Data in Doing Business 2009 are current as of June 1, 2008.

The data set covers 181 economies: 46 in Sub-Saharan Africa, 32 in Latin America and the Caribbean, 25 in Eastern Europe and Central Asia, 24 in East Asia and pacific, 19 in the Middle East and North Africa [MENA] and 8 in South Asia, as well as 27 OECD high-income economies as benchmarks.

For the fifth year, according to the World Bank, MENA’s most popular area for reform is business start-up, with nine economies making improvements. Regionally, Egypt ranked highest in the area of reforming business regulations while Saudi Arabia ranked first in the world in the category of ease of “registering property.” Five Gulf countries made the top ten category where “paying taxes” is made easy. The World Bank – Doing Business in 2009

At the global level, several MENA countries made the top 50 in the key category of ease of doing business. These included: Saudi Arabia (16), Bahrain (18), Israel (30), Qatar (37), and United Arab Emirates (46)

The following chart ranks the countries of the Middle East and North Africa. Singapore tops the global rankings on the overall regulatory ease of doing business for a third consecutive year. New Zealand is a runner-up, and the United States is third.

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