Doing Business 2010
Reforming through difficult times
Author: Doing Business
Published: September 09, 2009
Doing Business 2010 reported a record number of reforms between June 2008 and May 2009, despite the challenges presented by the financial crisis. This year’s reformers focused on making it easier to start and operate a business, pay taxes, and reform bankruptcy procedures to help keep companies operating and preserve jobs during tough economic times. Two regions were particularly active: Eastern Europe and Central Asia and the Middle East and North Africa. Within both regions, competition among neighbors helped inspire widespread reform.
Main findings
Between June 2008 and May 2009, 287 reforms were recorded in 131 economies, 20% more than the year before.
In Eastern Europe and Central Asia, 26 of the region’s 27 economies reformed business regulation in at least one area covered by Doing Business.
In the Middle East and North Africa, 17 of the region’s 19 economies reformed.
Singapore, a consistent reformer, was the top-ranked economy on the ease of doing business for the fourth year in a row, with New Zealand as runner-up.
Two-thirds of the year’s reforms were found in low- and lower-middle-income economies.
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