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Sri Lanka moves up 11 notches in Ease of Doing Business Index 2019

Sri Lanka moves up 11 notches in Ease of Doing Business Index 2019

Nov 02, 2018 (LBO) – Sri Lanka rose 11 notches in the Ease of Doing Business index 2019 being ranked 100 among 190 economies, the World Bank said.

Sri Lanka has carried out four reforms which included making dealing with construction permits easier, while the introduction of online systems made it easier to pay taxes.

Sri Lanka has also made it easier for businesses to register property and enforce contracts which made the country to move up in the doing business index.

The World Bank said ongoing reform efforts are gathering momentum as well, with their impact yet to be realized and measured by Doing Business.

“The countries of the region have also collectively carried out 19 business reforms during the past year, with an average of more than two reforms per economy,” the World Bank said.

“Strong commitment to the reform agenda is also paying off in Sri Lanka and Pakistan, as indicated in their improved rankings.”