Now on its 12th year, the World Bank has released its 2014 edition of the Ease of Doing Business Report. This report ranks 189 countries based on the ease in which the different facets of business are done. Some examples are the number of steps involved in registering a business, paying taxes and getting credit.
Earlier in the year, the National Competitiveness Council, the main representatives from the government dealing with this particular ranking, promised to improve the country’s standing in the Ease of Doing Business report by at least 29 places.
With 2014 edition’s results released, it seems that the country has done a bit better than that, going up 30 spots. Of the 189 countries evaluated, the country ranked 108th. Last year, it was at 138th, 2 spots lower than the year before. This 30 spot leap is also the most that any country has improved which puts the country in the top 10 countries who improved the most places.
Of the 10 categories, the Philippines was able to rank higher in 7. This can be credited to different reforms being pursued by the government.
The National Competitiveness Council has stated that the next goal is to be included in the top 60 by 2016.
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