Wednesday, September 9, 2009

Reforming business regulations on the rise in 2008-2009 according to World Bank syrvey!

According to the World Bank's "Doing Business" survey (published annually since 2004), 131 economies (more than 70% of those surveyed) reformed business regulations in 2008-9.

That is a record number since the report was launched in 2004.

The survey recorded 287 reforms between June 2008 and May 2009, up 20% from the previous year.

According to the survey reforms focused on

a) making it easier to start and operate businesses,

b) strengthening property rights

c) improving commercial dispute resolution

d) bankruptcy procedures

Most reforms were implemented in Eastern Europe, Central Asia, the Middle East and North Africa.

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