Tweet One month after showing improvement on the Global Competitiveness Report, Jamaica has conversely slipped three places in the prestigious Doing Business Report ranking to 70 of countries. The latest reforms being undertaken by the Government of the Jamaica are the public sector transformation programme and the pension reform.
The country moved to The region also underperformed in the areas of registering property, dealing with construction permits and starting a business. Additionally, implementation of the web-based customs data management platform, ASYCUDA World, saw Jamaica getting closer to global best practices in business regulations.
The country also fell one place back in its rank among Caribbean neighbours, holding second position in respect of doing business behind Puerto Rico. It takes on average 63 days to transfer property in the region, which is significantly more than across OECD high-income economies where it takes However, the country was recognised for reducing the time to start a business, improved reliability of electricity supply, resolving insolvency, and improved trading across borders.
New Zealand, for the second- consecutive year, ranked first on the ease of doing business, while at the other end of the chart stood Somalia. The country was also recognised among the top 20 countries in the getting credit indicator for its comprehensive credit reporting system.
In a round-table interview with the Jamaica Observer yesterday, World Bank country manager for Jamaica, Galina Sotirova, had a positive view of the rankings.
On average, tax payment takes hours per year in Latin America and the Caribbean, compared to the average of hours per year in the OECD high-income economies. More specifically, Doing Business found that Jamaica ranked among the best globally in the area of starting a business — with a rank of 5 — taking just three days to register a business, compared to 31 days 15 years ago.
A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.
Nonetheless, the World Bank noted that one of the biggest challenges for the region is the time it takes to pay taxes. Jamaica however maintained its overall spot at sixth in the Latin American and Caribbean region.Search over Used Chevrolet Tahoe listings. TrueCar has overtotal used car listings, updated daily.
Come find a great deal on a Used Tahoe today! Register Chevrolet Complaint Review: Register Chevrolet RV Please Read BEFORE doing business with Register Chevrolet Brooksville Florida. One month after showing improvement on the Global Competitiveness Report, Jamaica has conversely slipped three places in the prestigious Doing Business Report ranking to 70 of countries.
2 DOING BUSINESS 13 countries saw new governments sworn in. Earlier analysis suggests that the region might experience a reform boom next. Doing Business Full Report - Free ebook download as PDF File .pdf), Text File .txt) or read book online for free.
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