Portuguese language countries rise and fall in World Bank’s Doing Business indicator

5 November 2013

Brazil, Cape Verde, Guinea-Bissau and Mozambique rose several places while the rankings of Angola, Portugal, São Tomé and Principe and East Timor fell in the Doing Business 2014 indicators just released by the World Bank.

In the most recent World Bank report evaluating the business climate for small and medium sized companies in 189 countries the Doing Business ranking is headed by Singapore, Hong Kong and New Zealand. It shows that only four members of the Community of Portuguese Language Countries (CPLP) were able to improve their positions.

Cape Verde was the CPLP country with the most notable result, now ranking seven places higher in 121st place. This performance follows the introduction of reforms in two of the ten areas evaluated by the study’s authors, specifically in starting a business and paying taxes.

Mozambique rose three places and now ranks 139th. Its business climate improved in the areas of starting a business, dealing with construction permits, registering property, trading across borders and resolving insolvency.

Brazil is now ranked 116th, two places higher, having presented reforms in the areas of paying taxes and resolving insolvency. Guinea-Bissau was in turn very close to the bottom of the table, ranking 180th, though up one position, following improvements made to its system for paying taxes, registering property and dealing with construction permits.

East Timor presented the most expressive decline, falling five places and now ranking 172nd in the index. However, it did introduce improvements in the system for paying taxes, but worsened in starting a business, dealing with construction permits, getting electricity, getting credit and resolving insolvency.

São Tomé and Principe’s ranking fell by three places to 169th. It showed improvement in getting electricity and enforcing contracts, but worsened in the other eight areas evaluated.

Portugal fell two places and now ranks 31st. Even so, from the World Bank’s standpoint it is the CPLP country with the best business climate for small and medium sized companies, though it only showed improvements in the area of registering property.

Lastly, Angola fell one place in the index and now ranks 179th. It improved its system for paying taxes but worsened in the areas of starting a business, dealing with construction permits, getting electricity, getting credit and trading across borders. (macauhub)

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