Sri Lanka ease of doing business ranking rises one spot to 99th
Sri Lanka ease of doing business ranking rises one spot to 99th Thursday October 24, 2019 18:15:23 ECONOMYNEXT- Sri Lanka has risen one place to 99th in the World Bank’s Doing Business 2020 rankings without economic reforms, while neighbouring India and Pakistan rose through the ranks rapidly. The report said Sri Lanka’s ease of doing business score remained flat at 61.8 points out of a possible 100, with marginal gains in starting a business, dealing with construction permits and getting electricity. Starting a business was rated high in Sri Lanka with a score of 88.2. Registering a property, enforcing contracts, access to credit and winding up a business ranked poorly. The report listed no reforms for Sri Lanka in 2019. Sri Lanka had set up eight task forces in 2016 to rise to the top 70 countries by 2020 through widespread reforms, which had not acted in time for the 2020 edition. India was the highest ranked South Asian nation at 63rd place with a score of ...
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