Portugal and Brazil rise on list of best countries to do business, Angola and Mozambique slide

11 September 2006

Washington, USA, 11 Sept – Portugal and Brazil rose in the 2007 edition of the list of the best countries in which to do business drawn up by the World Bank, while Angola and Mozambique fell and Cape Verde maintained its position.

Amongst Portuguese-speaking countries, the biggest rise in the Doing Business List was Portugal, which climb five positions to 40th place, boosting its status as the best placed in the index led by Singapore, which replaced New Zealand in first place.

The main drive behind Portugal’s rise in the ranking was due to reform of the process for setting up companies, implemented this year, which made the procedure quicker and more efficient.

The World Bank also saw the speeding up of the process of registering companies in Mozambique as positive, but considering all the indicators the country fell by three places in the ranking to 140th among 175 countries, which were evaluated for their business regulation and protection of property rights.

Mozambique was assessed positively by the World Bank for “involvement by the private sector in identifying the most needed reforms,” and for “improvements” that it is still implementing, but the results of which will only be

“More improvements are on the way, and these will be reflected in the Doing Business indicators for next year,” for Mozambique, Benin, Burkina Faso, Cameroon, the Gambia, Madagascar, Malawi, Mali, Niger, Nigeria and Zambia, the World Bank said.

The authors of the study highlighted the performance of the African region in the current ranking, which moved from last place in the ranking for implementation of reform to third place, beaten only by Eastern Europe and Central Asia and by high-earning OECD countries.

Angola fell below the performance level of the African region as it fell one position in the overall ranking to 156th and none of its reforms was seen positively by the study.

Cape Verde maintained its 125th position and maintained its position as the third placed Portuguese-speaking country, behind Portugal and Brazil.

Brazil, which is the largest Portuguese-speaking economy was placed in 121st place, one place above last year’s ranking.

Guinea Bissau maintained its 173rd position, second to last place, but was praised for its application of reforms in tax payment.

East Timor was the only country to have applied a “negative reform” in the granting of licenses and remained in penultimate positions, ahead of the Democratic Republic of Congo.

The information used in drawing up the Doing Business ranking dates back to January 2005 and was based on the study of laws and regulations.

The countries were classified based on several indicators, grouped into 10 themes from opening a business to its closure. (macauhub)