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  3. The World Bank has just rated countries on how friendly they are to business

The World Bank has just rated countries on how friendly they are to business

游客2024-06-16  32
问题     The World Bank has just rated countries on how friendly they are to business. And the biggest news was the progress in Africa. Two African countries, Ghana and Tanzania, are listed this year among the top ten in business reforms.
    The report is from the World Bank and the International Finance Corporation, the private financing agency of the World Bank Group. It says the top five reformers, in order, are Georgia, Romania, Mexico, China and Peru. France is next, followed by Croatia, Guatemala, Ghana and Tanzania.
    Efforts to reduce the time, cost and trouble of legal and administrative requirements can mean greater economic activity. Business reforms are important especially to developing economies. For example, until recently, it took more than one year to receive property ownership documents in Ivory Coast. Now the process takes about one month. The government no longer requires a single minister to deal with all requests to register property. In China, the government has established a system of credit records, to help people get personal loans. Now, three hundred forty million Chinese have credit histories. Mexico was praised for increasing protections for investors. And, in El Salvador, business reforms cut the time needed to start a business from more than one hundred days to just twenty-six days.
    Some nations, however, increased barriers to doing business. The World Bank says these include Bolivia, Eritrea, Hungary, East Timor, Uzbekistan, Venezuela and Zimbabwe. It says these nations made it more difficult to do things like getting credit, registering property or moving goods across borders.
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答案 Two African countries are listed among the top ten in business reforms.
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