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Fiji’s Ease Of Doing Business Slips Further To 97 From 84

Fiji’s ranking in the latest global Ease of Doing Business list continued to slip further. Our ranking for 2017 has slipped further 13 positions to 97 from the previous rank
29 Oct 2016 11:00
Fiji’s Ease Of Doing Business Slips Further To 97 From 84

Fiji’s ranking in the latest global Ease of Doing Business list continued to slip further.

Our ranking for 2017 has slipped further 13 positions to 97 from the previous rank of 84 for 2016.

This has been revealed in the latest study from the World Bank.

Meanwhile, New Zealand is now the world’s easiest place to do business.

New Zealand’s ranking has pushed Singapore out of its decade-long place at the top of the widely followed rankings.

Fiji’s ranking dropped in six out of the 10 categories used by the World Bank to determine the overall ranking. It remained unchanged in one.

Back in 2013, Fiji was ranked 73 and since, has continued to slip in the ranks.

This is despite efforts from Government and Investment Fiji to bring about policies, frameworks and changes which eases doing business.

In fact, Government has even multiple times questioned the method in which the World Bank conducts its survey and whether or not it is a true reflection of the reality in Fiji.

The categories in which Fiji improved its ranking were: Starting a business, Protecting Minority Investors and Trading across borders.

The only category which remained unchanged was registering property.

The ranking slipped in: Dealing with construction permits, getting electricity, getting credit, paying taxes, enforcing contracts and resolving insolvency. The biggest drop was noted in getting credit where we met only five of the 12 criteria.

Feedback:  rachnal@fijisun.com.fj

 

 



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