Maldives slips on World Bank’s doing business ranking
The Maldives slipped one position in the World Bank’s ease of doing business report for 2018, ranking 136 out of 190 economies.
05 Nov 2017, 9:00 AM
The Maldives slipped one position in the World Bank’s ease of doing business report for 2018, ranking 136 out of 190 economies.
The only reform enacted during the one-year review period ending on June 1, 2017 was the introduction of an online system for filing and paying taxes.
The Maldives fell from 128 to 135 in last year’s report due to data revisions related to paying taxes, gender dimension and protection of minority investors and the lack of reforms compared to peer economies.
“Simplified procedures would go a long way in enabling the creation of more and better jobs for the Maldivian youth while also inspiring entrepreneurship,” Idah Pswarayi-Riddihough, World Bank Country Director for Sri Lanka and the Maldives, advised at the time.
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