Kazakhstan Improves Global Ranking on Ease of Doing Business
OREANDA-NEWS. September 24,
“Recognizing the importance of firms—especially small and medium-size enterprises—for creating jobs and revenue, Kazakhstan has significantly increased the pace of regulatory reform this year,” said Svetlana Bagaudinova, an author of the report.
Room for improvement remains in key areas, however, such as in trading across borders (where
“Reforms are not a one-off exercise and need to be part of a medium-term reform plan. We are glad to recognize that the Government of Kazakhstan has already set an ambitious reform program for the next year, and the World Bank and other donors are committed to supporting it. The final goal of all these efforts is that
Globally, a record 131 of the 183 economies surveyed reformed business regulation between June 2008 and May 2009, according to the report, the seventh in a series of annual reports published by IFC and the World Bank. Five of the top 10 reformers are in Eastern Europe and Central Asia—the
Doing Business analyzes regulations that apply to an economy’s businesses during their life cycle, including start-up and operations, trading across borders, paying taxes, and closing a business. Doing Business does not measure all aspects of the business environment that matter to firms and investors. For example, it does not measure security, macroeconomic stability, corruption, skill level, or the strength of financial systems.
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