The four Central Asian countries covered by Doing Business have embraced the report and its global appeal. Below is an overview of two regulatory reform areas covered in the index. But the big question is: Well, the answer is: Did business report asia anna luis this drive for reform materialize into real, deep and meaningful reforms, or, as some Doing Business detractors like to say, has it been just a cosmetic tinkering with laws and regulations, with no real value to real people and entrepreneurs in the street?
In other words, nearly 10 years of Doing Business activism across Central Asia have produced a mixed bag of results.
Exporting now takes 20 percent less time and importing 19 percent less time than before. The star this year in this category is Myanmar, which made the biggest improvement worldwide in the ease of trading across borders. It is now a global digital publishing powerhouse, the first news organization in the world to reach over 1 million paying subscribers and receives 92 million unique monthly visitors to its website.
The report will be promoted globally to the audience of The International New York Times through a sponsored campaign using geo-targeting and behavioural targeting to reach an influential audience capable of taking significant investment decisions in Asia.
In fact, Kazakhstan is also developing its own Doing Business-style index, and implementing it. Others should follow their example. At the time, we partnered with USAID to derive the maximum results — they had already started a business environment reform program across Kazakhstan, the Kyrgyz Republic and Tajikistan, and had a strong team of local consultants in place.
This is a step in the right direction. And, finally, reforms need to be continuous and constantly nurtured. Sri Lanka has made trading easier by implementing an automated system for customs data in and an electronic payment system for port services in Using analytical tools to catalyze better business reforms With a full aggregate report, in-depth regulatory case studiesregional analyses, and country-level reports, Doing Business is a valuable tool for any economic policymaker.
I was fortunate enough to be the Doing Business Reform Unit team-member that launched the Kazakhstan reform program in December in Astana, in the presence of then Prime Minister Karim Massimov, the entire Government, and the IFI international finance institutes community.
No longer is the number or efficiency of regulations the only mark of progress. But some South Asian countries display robust performance in trade.
But it is also abundantly clear that some reforms — such as amendments to laws on minority shareholder protection or getting credit — have done little to curb poor corporate governance practices or to expand credit in a meaningful way, especially when the banking systems have been ailing for a while.
He can be reached at nicolas. Afghanistan is the top performer in this area ranking 24th worldwidethanks to its low number of procedures, time requirements, and startup costs. The most improved economy over the last year for starting a business is Timor-Leste.
This year, the annual Doing Business Report — by far the most anticipated and cited World Bank publication — celebrates its 15th year.
In the last year, the government has made trading across borders one of the indicator groupings of Doing Business more difficult due to a new city ordinance restricting truck traffic in Manila. Kazakhstan also launched its first very successful Subnational Doing Business report earlier this year, and has requested World Bank support to expand the Subnational Doing Business to cover the whole territory of the country.
While it takes 86 days to export a shipment in Afghanistan a landlocked countryit only takes 16 in Sri Lanka the best performer in the region.
The report is closely monitored, the scores and rankings are debated among policymakers, and each annual launch unleashes both fervent enthusiasm for new reforms and a passionate wave of complaint, directed at both the team in Washington and us on the ground.
Looking at other reforms throughout Asia reveals some striking findings. The Roadmap The Asian Business Report team will be working in the emerging markets of the region over a period of nine months and will interview over CEOs, government ministers, and university vice-chancellors creating an in-depth study of investor sentiment regarding the future of Asian business.
The ranking also omits other important indicators of business activity: For that, the Governments of Central Asia need to really engage the private sector. This requires an ongoing, multi-year, consistent action.
Those were indeed the heady days for Doing Business enthusiasts. Kazakhstan and Tajikistan were among many other countries across the globe that I visited during that period to launch reform programs.
In addition, citizens should be better informed about all that is being done - since they are the ultimate beneficiaries of the reforms.
Uzbekistan has recently drafted a decree to clarify how Doing Business reforms will be pursued and who will be responsible.
And, areas such as insolvency and enforcing contracts leave a lot to be desired.Asia Business Report. Live from Singapore the essential business news as it breaks and a look ahead to the news that will shape the business day. Last on. 11/09/ GMT. Today GMT. Technology Management C O M P A N Y TMC The Risks of Doing Business in Central Asia.
The Central Asian Republics – Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and. Economies in Europe and Central Asia continued an active program of reforms to improve their business climate, to create jobs and spur growth, according to the 15th anniversary edition of the World Bank Group’s annual Doing Business report.
Doing Business in Central Asia Mehrnaz Teymourian Average Rank, Ease of Doing Business In Central Asia’s average ranking has improved considerably and is now in line with other developing regions. The Kyrgyz Republic and Tajikistan are among the top 10 reformers worldwide.
Regional Profile South Asia (SA) Doing Business SOUTH ASIA (SA) 2 This year’s Doing Business report presents a gender dimension in four of the indicator sets: starting a business, registering property, enforcing contracts and labor market regulation.
chapter starting on page 1 of the Doing Business report. For more details on the data and methodology, please provided by the regional average rankings on the topics Doing Business.
Doing Business EUROPE AND CENTRAL ASIA (ECA) Doing Business Doing Business?. .Download